SEC Form 4 · accession 0001638599-16-000928
CorMedix Inc. · CRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cora M Tellez
Director
Period of report
May 25, 2016
Accepted (ET)
May 26, 2016 · 4:14 pm EDT
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 StockF1 | May 25, 2016 | P | 8,600 | $2.90 | A | 96,986 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $2.05 | holding | — | — | — | — | Apr 3, 2024 | Common Stock | 30,000 | 30,000 | D |
| Stock Option (right to buy)F3 | $5.62 | holding | — | — | — | — | Mar 1, 2025 | Common Stock | 50,000 | 50,000 | D |
| Phantom StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,205 | 4,205 | D |
| Phantom StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,873 | 2,873 | D |
| Phantom StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,371 | 1,371 | D |
| Phantom StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,868 | 2,868 | D |
| Phantom StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 3,645 | 3,645 | D |
| Stock Option (right to buy)F3 | $1.91 | holding | — | — | — | — | Feb 21, 2026 | Common Stock | 100,000 | 100,000 | D |
| Phantom StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,104 | 4,104 | D |
| Phantom StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,767 | 2,767 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.8999 to $2.9, inclusive.
- F2These 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.
- F3The options vest in full on the first anniversary of the date of grant.
- F4Each 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.