SEC Form 4 · accession 0001161697-16-001081
KORU Medical Systems, Inc. · KRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen Fisher
Officer — CFO
Period of report
Sep 6, 2016
Accepted (ET)
Sep 16, 2016 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000704440
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Purchase Common StockF1 | $0.38 | Sep 6, 2016 | A | 500,000 | A | — | Nov 4, 2020 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The Company's Board of Directors awarded these options on November 4, 2015, subject to shareholder approval of the Company's 2015 Stock Option Plan, as amended, which approval was obtained on September 6, 2016. The options vest on November 4, 2016, subject to acceleration upon a change of control of the Company, provided Ms. Fisher is employed with the Company on such date.
Remarks
The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.