SEC Form 4 · accession 0001638599-16-001038
CorMedix Inc. · CRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Duffy
Director
Period of report
Jun 3, 2016
Accepted (ET)
Jun 6, 2016 · 5:34 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 Stock, $0.001 par value per shareF1 | Jun 3, 2016 | S | 46,106 | $2.733 | D | 28,571 | 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 | $2.02 | holding | — | — | — | — | Jan 9, 2024 | Common Stock, $0.001 par value per share | 150,000 | 150,000 | D |
| Stock Option (right to buy)F3 | $2.02 | holding | — | — | — | — | Jan 9, 2024 | Common Stock, $0.001 par value per share | 30,000 | 30,000 | D |
| Stock Option (right to buy)F4 | $0.90 | holding | — | — | — | — | Mar 20, 2023 | Common Stock, $0.001 par value per share | 100,000 | 100,000 | D |
| Stock Option (right to buy)F5 | $0.68 | holding | — | — | — | — | Dec 5, 2022 | Common Stock, $0.001 par value per share | 125,000 | 125,000 | D |
| Stock Option (right to buy)F3 | $0.29 | holding | — | — | — | — | Jan 6, 2022 | Common Stock, $0.001 par value per share | 5,000 | 5,000 | D |
| Stock Option (right to buy)F6 | $0.28 | holding | — | — | — | — | Nov 21, 2021 | Common Stock, $0.001 par value per share | 15,000 | 15,000 | D |
| Stock Option (right to buy)F3 | $5.62 | holding | — | — | — | — | Mar 1, 2025 | Common Stock, $0.001 par value per share | 50,000 | 50,000 | D |
| Phantom StockF7 | $0.00 | holding | — | — | — | — | — | Common Stock, $0.001 par value per share | 594 | 594 | D |
| Stock Option (right to buy)F3 | $1.91 | holding | — | — | — | — | Feb 21, 2026 | Common Stock, $0.001 par value per share | 75,000 | 75,000 | D |
| Phantom StockF7 | $0.00 | holding | — | — | — | — | — | Common Stock, $0.001 par value per share | 1,653 | 1,653 | D |
| Phantom StockF7 | $0.00 | holding | — | — | — | — | — | Common Stock, $0.001 par value per share | 1,153 | 1,153 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.67 to $2.77, inclusive.
- F2These options vested 100% on January 10, 2014.
- F3These options vest in full on the first anniversary of the date of grant.
- F4These options vest quarterly over two years.
- F5These options vest as follows: (a) fifty percent (50%) on the date of issuance of the CE Mark certification for Neutrolin in Europe, which occurred on July 5, 2013, and (b) fifty percent (50%) on December 31, 2013.
- F6The options vest ratably, one-third of which will vest on each of the grant date, the first anniversary and the second anniversary thereof.
- F7Each 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 directo