SEC Form 4 · accession 0001209191-18-033770
Corbus Pharmaceuticals Holdings, Inc. · CRBP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Hochman
Director
Period of report
May 24, 2018
Accepted (ET)
May 29, 2018 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001595097
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | May 24, 2018 | G | 220,000 | $0.00 | D | 0 | I | By NSH 2008 Family Trust |
| Common StockF2 | May 24, 2018 | G | 110,000 | $0.00 | A | 120,000 | I | By DPH 2008 Trust |
| Common StockF2 | May 24, 2018 | G | 110,000 | $0.00 | A | 110,000 | I | By SHA 2008 Trust |
| Common Stock | holding | — | — | — | 459,500 | D | ||
| Common Stock | holding | — | — | — | 4,300 | I | By Solomon Asher Hochman Trust of 2005 | |
| Common Stock | holding | — | — | — | 4,300 | I | By Hannah Hochman Trust of 2007 | |
| Common Stock | holding | — | — | — | 4,300 | I | By Judah Herman Hochman Trust of 2009 |
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)F3 | $5.93 | May 24, 2018 | A | 34,000 | A | — | May 24, 2028 | Common Stock | 34,000 | 34,000 | D |
Explanation of responses
- F1The reporting person is a co-trustee of each of the NSH 2008 Family Trust, of which the reporting person is a beneficiary, the DPH 2008 Trust, of which the reporting person is a beneficiary, and the SHA 2008 Trust, of which the reporting person's sister is a beneficiary. On May 24, 2018, the co-trustees of the NSH 2008 Family Trust caused all of the shares of Common Stock of Corbus Pharmaceuticals Holdings, Inc. (the "Company") then held in the name of such trust to be transferred in equal portions to the DPH 2008 Trust and the SHA 2008 Trust, in accordance with the Trust Agreement Establishing NSH 2008 Family Trust, dated May 1, 2008.
- F2On March 15, 2018, the reporting person filed a Form 4 which inadvertently reported that a purchase of 5,000 shares of Common Stock was made for the account of the NSH 2008 Family Trust. In fact, such purchase was made for the account of the DPH 2008 Trust. Accordingly, Column 5 of Table I of this Form 4 reflects that, as of immediately prior to the transactions reported hereby, 220,000 shares were held in the name of the NSH 2008 Family Trust and 10,000 shares were held in the name of the DPH 2008 Trust.
- F3The option award was made in accordance with the terms of the issuer's 2014 Equity Compensation Plan. The option will vest in equal monthly installments over the course of 12 months beginning on the date of grant.