SEC Form 4 · accession 0001144204-15-066473
CorMedix Inc. · CRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cora M Tellez
Director
Period of report
Nov 13, 2015
Accepted (ET)
Nov 17, 2015 · 4:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410098
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 88,386 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F3 | — | Nov 13, 2015 | A | 3,645 | A | — | — | Common Stock | 3,645 | 3,645 | D |
| Stock Option (right to buy)F1 | $2.05 | holding | — | — | — | — | Apr 3, 2024 | Common Stock | 30,000 | 30,000 | D |
| Stock Option (right to buy)F2 | $5.62 | holding | — | — | — | — | Mar 1, 2025 | Common Stock | 50,000 | 50,000 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Common Stock | 4,205 | 4,205 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Common Stock | 2,873 | 2,873 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Common Stock | 1,371 | 1,371 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Common Stock | 2,868 | 2,868 | D |
Explanation of responses
- F1These shares vest 1/3 on date of grant, 1/3 on first anniversary of date of grant and 1/3 on second anniversary of date of grant.
- F2The options vest in full on the first anniversary of the date of grant.
- F3Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in common stock on the tenth business day of January of the year following the reporting person's termination of service as a director.
- F4These shares were credited automatically to the reporting person's account pursuant to the reporting person's election to defer the receipt of cash compensation of directors fees.