SEC Form 3 · accession 0001161697-18-000438
KORU Medical Systems, Inc. · KRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald B Pettigrew
Officer — Pres./Chief Commercial Officer
Period of report
Sep 4, 2018
Accepted (ET)
Sep 12, 2018 · 4:17 pm EDT
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 | $1.23 | holding | — | — | — | — | Sep 4, 2023 | Common Stock | 1,000,000 | — | D |
Explanation of responses
- F1REPRO MED SYSTEMS, INC. d/b/a RMS Medical Products (the "Company") hired Mr. Pettigrew on September 4, 2018 and as part of his employment agreement he was awarded these non-qualified stock options on the same date under the Company's 2015 Stock Option Plan, as amended. Twenty-five percent (25%) of the options shall vest as of the one (1) year anniversary of September 4, 2018, and (ii) twelve and one-half percent (12.5%) of the options shall vest every six (6) months thereafter until fully vested, subject to acceleration in accordance with the terms of the award agreement.