SEC Form 4 · accession 0001654954-19-000387
CorMedix Inc. · CRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth Masson
Officer — EVP, Head of Clinical Ops.
Period of report
Jan 10, 2019
Accepted (ET)
Jan 11, 2019 · 4:24 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 | — | — | — | 40,000 | 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 Common Stock)F1 | $1.66 | Jan 10, 2019 | A | 120,000 | A | — | Jan 10, 2029 | Common Stock | 120,000 | 120,000 | D |
| Stock Option (Right to Buy Common Stock)F2 | $0.29 | holding | — | — | — | — | Mar 19, 2028 | Common Stock | 270,000 | 270,000 | D |
Explanation of responses
- F1These options were granted on 1/10/2019. These options vest, subject to continued employment, as follows: 35% of the options vest over time, with 25% vested on the grant date and 25% vesting on the first, second and third anniversaries of the grant date; and 65% of the options vest upon the achievement of certain milestones.
- F2The options vest as follows: 186,000 will vest over four years in four (4) equal installments on the first four anniversaries of 3/19/2018. The remaining options vest on the achievement of certain milestones, subject to continued employment.