SEC Form 4 · accession 0001144204-15-018080

CORCEPT THERAPEUTICS INC · CORT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Patrick G Enright

Director · 10% Owner

Period of report

Mar 20, 2015

Accepted (ET)

Mar 24, 2015 · 4:06 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001088856

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Mar 20, 2015	X	634,516	$2.77	A	13,145,097	I	By LVP
Common Stock^F1	Mar 20, 2015	S	300,447	$5.85	D	12,844,650	I	By LVP
Common Stock^F1	Mar 20, 2015	X	486,443	$2.77	A	13,331,093	I	By LVP
Common Stock^F1	Mar 20, 2015	S	230,333	$5.85	D	13,100,760	I	By LVP
Common Stock^F4	Mar 20, 2015	X	9,750	$2.77	A	182,742	I	By LCA
Common Stock^F4	Mar 20, 2015	S	4,617	$5.85	D	178,125	I	By LCA
Common Stock^F1	Mar 24, 2015	X	1,130,709	$2.77	A	14,231,469	I	By LVP
Common Stock^F1	Mar 24, 2015	S	554,348	$5.65	D	13,677,121	I	By LVP

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrant (Right to Buy)^F1	$2.77	Mar 20, 2015	X	634,516	D	Mar 25, 2008	Mar 24, 2015	Common Stock	634,516	1,130,709	I
Warrant (Right to Buy)^F1	$2.77	Mar 20, 2015	X	486,443	D	Feb 6, 2009	Mar 24, 2015	Common Stock	486,443	0	I
Warrant (Right to Buy)^F4	$2.77	Mar 20, 2015	X	9,750	D	Feb 6, 2009	Mar 24, 2015	Common Stock	9,750	0	I
Warrant (Right to Buy)^F1	$2.77	Mar 24, 2015	X	1,130,709	D	Mar 25, 2008	Mar 24, 2015	Common Stock	1,130,709	0	I

Explanation of responses

F1Reflects transactions and holdings of shares of common stock of the Issuer held of record by Longitude Venture Partners, L.P. ("LVP"). Patrick G. Enright is a managing member of Longitude Capital Partners, LLC ("Longitude Capital"), the sole general partner of LVP. Mr. Enright serves on the Board of Directors of the Issuer as the nominee of LVP. Mr. Enright disclaims beneficial ownership of the securities of the Issuer held of record by LVP, except to the extent of his pecuniary interest therein.
F2On March 20, 2015, LVP exercised a warrant to purchase 634,516 shares of the Issuer's common stock for an exercise price of $2.77 per share. LVP paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 300,447 of such shares to pay the exercise price and issuing to LVP the remaining 334,069 shares. In connection with such exercise, the Issuer also paid to LVP $5.63 in cash in lieu of a fractional share.
F3On March 20, 2015, LVP exercised a warrant to purchase 486,443 shares of the Issuer's common stock for an exercise price of $2.77 per share. LVP paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 230,333 of such shares to pay the exercise price and issuing to LVP the remaining 256,110 shares. In connection with such exercise, the Issuer also paid to LVP $0.94 in cash in lieu of a fractional share.
F4Reflects transactions and holdings of shares of common stock of the Issuer held of record by Longitude Capital Associates, L.P. ("LCA"). Patrick G. Enright is a managing member of Longitude Capital, the sole general partner of LCA. Mr. Enright disclaims beneficial ownership of the securities of the Issuer held of record by LCA, except to the extent of his pecuniary interest therein.
F5On March 20, 2015, LCA exercised a warrant to purchase 9,750 shares of the Issuer's common stock for an exercise price of $2.77 per share. LCA paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 4,617 of such shares to pay the exercise price and issuing to LCA the remaining 5,133 shares. In connection with such exercise, the Issuer also paid to LCA $1.95 in cash in lieu of a fractional share.
F6On March 24, 2015, LVP exercised a warrant to purchase 1,130,709 shares of the Issuer's common stock for an exercise price of $2.77 per share. LVP paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 554,348 of such shares to pay the exercise price and issuing to LVP the remaining 576,361 shares. In connection with such exercise, the Issuer also paid to LVP $2.27 in cash in lieu of a fractional share.