SEC Form 4 · accession 0001209191-15-029056
CORCEPT THERAPEUTICS INC · CORT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Mahoney
Director
Period of report
Mar 20, 2015
Accepted (ET)
Mar 24, 2015 · 9:55 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 | 35,304 | $2.77 | A | 1,154,837 | I | David L.Mahoney & Winnifred C. Ellis Family Trust |
| Common Stock | Mar 20, 2015 | S | 16,717 | $5.85 | D | 1,138,120 | I | David L.Mahoney & Winnifred C. Ellis Family Trust |
| Common Stock | Mar 20, 2015 | X | 30,534 | $2.77 | A | 1,168,654 | I | David L.Mahoney & Winnifred C. Ellis Family Trust |
| Common Stock | Mar 20, 2015 | S | 14,458 | $5.85 | D | 1,154,196 | I | David L.Mahoney & Winnifred C. Ellis Family Trust |
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 | 35,304 | D | Mar 25, 2008 | Mar 24, 2015 | Common Stock | 35,304 | 30,534 | I |
| Warrant (Right to Buy)F2 | $2.77 | Mar 20, 2015 | X | 30,534 | D | Feb 6, 2009 | Mar 24, 2015 | Common Stock | 30,534 | 0 | I |
Explanation of responses
- F1On March 20, 2015, David L. Mahoney & Winnifred C. Ellis 1998 Family Trust exercised a warrant to purchase 65,838 shares of the Issuer's common stock for an exercise price of $2.77 per share. Mr. Mahoney's Family Trust paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 31,175 of such shares to pay the exercise and issuing to Mr. Mahoney's Family Trust the remaining 34,663 shares. In connection with such exercise, the Issuer also paid Mr. Mahoney's Family Trust $2.49 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. Mahoney's Family Trust.