SEC Form 4 · accession 0001596771-17-000004
Nuwellis, Inc. · NUWE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Molly Wade
Officer — Vice President
Period of report
Jan 15, 2017
Accepted (ET)
Jan 17, 2017 · 4:23 pm EST
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,F2 | Jan 15, 2017 | F | 41 | $8.19 | D | 909 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 12, 2017, the Issuer effected a 1-for-30 reverse stock split of the issued and outstanding shares of its common stock. The monthly vesting of restricted stock units (RSUs) was adjusted to reflect the reverse stock split, and as a result, 41 shares were withheld to satisfy the insider's tax withholding obligation related to the vesting of 82 RSUs.
- F2Upon effectiveness of the reverse stock split, every 30 shares of common stock was automatically converted into one share of common stock, resulting in a decrease of the insider's common stock holdings of 27,550 shares.