SEC Form 3 · accession 0001161697-18-000573
KORU Medical Systems, Inc. · KRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manuel A Marques
Officer — Chief Operating Officer
Period of report
Dec 5, 2018
Accepted (ET)
Dec 14, 2018 · 6:24 am 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 | $0.36 | holding | — | — | — | Nov 18, 2017 | Nov 18, 2020 | Common Stock | 95,000 | — | D |
| Options to Purchase Common StockF2 | $0.46 | holding | — | — | — | Jul 28, 2019 | Jul 28, 2022 | Common Stock | 50,000 | — | D |
| Options to Purchase Common StockF3 | $0.50 | holding | — | — | — | — | Oct 11, 2022 | Common Stock | 250,000 | — | D |
Explanation of responses
- F1REPRO MED SYSTEMS, INC. d/b/a RMS Medical Products (the "Company") awarded Mr. Marques these incentive stock options on November 18, 2015 under the Company's 2015 Stock Option Plan, as amended. These options are subject to acceleration in certain instances of mergers, consolidations, or sales or transfers by the Company of substantially all of its assets. As of 11/18/2017 these options are fully vested.
- F2The Company awarded Mr. Marques these incentive stock options on July 28, 2017 under the Company's 2015 Stock Option Plan, as amended. These options will vest on July 28, 2019. These options are subject to acceleration in certain instances of mergers, consolidations, or sales or transfers by the Company of substantially all of its assets.
- F3The Company awarded Mr. Marques these incentive stock options on October 11, 2017 under the Company's 2015 Stock Option Plan, as amended. The options vest at a rate of 15,625 every three months following October 11, 2017 until fully vested. These options are subject to acceleration in certain instances of termination without cause.