SEC Form 4 · accession 0001140361-16-090833
Corium International, Inc. · CORI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph J. Sarret
Officer — Chief Business Officer
Period of report
Dec 22, 2016
Accepted (ET)
Dec 27, 2016 · 5:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001594337
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 1,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 22, 2016 | A | 11,250 | A | — | — | Common Stock | 11,250 | 11,250 | D |
| Employee Stock Option (Right to Buy)F4 | $4.59 | Dec 22, 2016 | A | 67,500 | A | — | Dec 21, 2026 | Common Stock | 67,500 | 67,500 | D |
Explanation of responses
- F1Includes 1,000 shares acquired under the issuer's employee stock purchase plan on November 18, 2016.
- F2Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of the issuer's common stock upon settlement.
- F3The RSUs vest as to 1/4 of the total number of shares on January 4, 2018 and then 1/4 of the total number of shares on January 4 of each successive year thereafter.
- F4The option vests as to 1/48th of the total number of shares on January 22, 2017 and then 1/48th monthly thereafter.