SEC Form 4 · accession 0001161697-18-000492
KORU Medical Systems, Inc. · KRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel S Goldberger
Officer — Chairman and Interim CEO · Director
Period of report
Oct 12, 2018
Accepted (ET)
Oct 16, 2018 · 5:30 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 | — | — | — | 3,592 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF1 | $1.57 | Oct 12, 2018 | A | 500,000 | A | — | Oct 12, 2028 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1REPRO MED SYSTEMS, INC. d/b/a RMS Medical Products (the "Company") entered into an employment agreement with Mr. Goldberger on October 12, 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. 100,000 of the options shall vest immediately and 25,000 of the options shall vest per completed quarter until fully vested, subject to acceleration in accordance with the terms of the award agreement.
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.