SEC Form 4 · accession 0001596771-16-000099
Nuwellis, Inc. · NUWE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Erb
Officer — CEO and President · Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001506492
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 16, 2016 | A | 356,000 | $0.00 | A | 381,628 | D | |
| Common Stock | Mar 16, 2016 | P | 2,500 | $0.91 | A | 384,128 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F2 | $0.93 | Mar 16, 2016 | A | 534,000 | A | — | Mar 16, 2026 | Common Stock | 534,000 | 534,000 | D |
Explanation of responses
- F1The reporting person was granted restricted stock units, which vest in 12 approximately equal consecutive monthly increments, so that all of the shares will be vested on the one-year anniversary of the date of grant.
- F2The options will vest as follows: 25% of the options will vest on the one-year anniversary of the date of grant; the remaining options will vest in 36 equal consecutive monthly increments thereafter, so that all of the options will be vested on the four-year anniversary of the date of grant.