SEC Form 4 · accession 0001144204-15-032077
Cytosorbents Corp · CTSO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Al Kraus
Director
Period of report
May 14, 2015
Accepted (ET)
May 18, 2015 · 5:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001175151
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | May 14, 2015 | M | 10,000 | $0.875 | A | 65,746 | D | |
| Common StockF4,F5 | May 14, 2015 | S | 10,000 | $5.9996 | D | 55,746 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $0.875 | May 14, 2015 | M | 10,000 | D | Jun 25, 2008 | Jun 25, 2018 | Common Stock | 10,000 | 216,773 | D |
Explanation of responses
- F1Stock option exercise and open market sales pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2This option has been adjusted to reflect the twenty-five-for-one (25:1) reverse split of the common stock of CytoSorbents Corporation that occurred on December 3, 2014.
- F3The number of shares of common stock held by the reporting person has been reduced to reflect the twenty-five-for-one (25:1) reverse split described above.
- F4The price in column 4 is a weighted average price. The prices actually received by the reporting person in this transaction range from $5.90 to $6.37.
- F5The reporting person has provided to the issuer, and the issuer will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range reported.