SEC Form 4 · accession 0001209191-15-029050
CORCEPT THERAPEUTICS INC · CORT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James N Wilson
Director
Period of report
Mar 20, 2015
Accepted (ET)
Mar 24, 2015 · 9:50 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 StockF2 | Mar 20, 2015 | X | 17,652 | $2.77 | A | 909,426 | I | By Family Partnership |
| Common StockF2 | Mar 20, 2015 | S | 8,359 | $5.85 | D | 901,067 | I | By Family Partnership |
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)F2 | $2.77 | Mar 20, 2015 | X | 17,652 | D | Mar 25, 2008 | Mar 24, 2015 | Common Stock | 17,652 | 0 | I |
Explanation of responses
- F1On March 20, 2015, Mr. Wilson's Family Partnership exercised a warrant to purchase 17,652 shares of the Issuer's common stock for an exercise price of $2.77 per share. Mr. Wilson's family Partnership paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 8,359 of such shares to pay the exercise and issuing to Mr. Wilson's Family Partnership the remaining 9,293 shares. In connection with such exercise, the Issuer also paid to Mr. Wilson's Family Partnership $4.11 in cash in lieu of a fractional share.
- F2Reflects transactions and holdings of shares of common stock of the Issuer held of record by Mr. Wilson's Family Partnership.