SEC Form 3 · accession 0001161697-17-000084
KORU Medical Systems, Inc. · KRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric M Bauer
Officer — Chief Operating Officer
Period of report
Jan 17, 2017
Accepted (ET)
Feb 3, 2017 · 4:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000704440
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 0 | D |
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 | $0.41 | holding | — | — | — | — | Jan 16, 2022 | Common Stock | 500,000 | — | D |
Explanation of responses
- F1The Company hired Mr. Bauer on January 17, 2017 and as part of his employment agreement he was awarded these incentive stock options on same date under the Company's 2015 Stock Option Plan. The options vest quarterly over a four year term, subject to acceleration upon a change of control of the Company, provided Mr. Bauer is employed with the Company on such date.