SEC Form 4 · accession 0001363763-16-000027
RespireRx Pharmaceuticals Inc. · RSPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arnold Lippa
Officer — Executive Chairman and CSO · Director
Period of report
Jun 16, 2016
Accepted (ET)
Jun 20, 2016 · 7:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000849636
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Options (to purchase shares of Common Stock)F1,F3 | $0.025 | Jun 16, 2016 | J | 15,000,000 | D | — | Jun 30, 2022 | Common Stock | 15,000,000 | 0 | D |
| Common Stock Options (to purchase shares of Common Stock)F1,F4 | $0.0197 | Jun 16, 2016 | J | 10,000,000 | D | — | Aug 18, 2022 | Common Stock | 10,000,000 | 0 | D |
| Common Stock Options (to purchase shares of Common Stock)F2,F5 | $0.0227 | Jun 16, 2016 | J | 24,000,000 | D | — | Mar 31, 2021 | Common Stock | 24,000,000 | 0 | D |
Explanation of responses
- F1Mr. Lippa transferred these Common Stock Options into a family trust for estate planning purposes. He is not the trustee and does not exercise voting or investment control over shares held in the trust but he is a beneficiary of the trust.
- F2Mr. Lippa transferred 14,000,000 of these Common Stock Options into the family trust described above in Footnote 1. He transferred the remaining 10,000,000 into another family trust of which he is neither the trustee nor the beneficiary.
- F3These Common Stock Options vest in three installments: 50 percent on June 30, 2015, 25 percent on September 30, 2015, and 25 percent on December 31, 2015, and are all currently vested and exercisable.
- F4These Common Stock Options vest in four equal installments: 25 percent on December 31, 2015, 25 percent on March 31, 2016, 25 percent on June 30, 2016, and 25 percent on September 30, 2016.
- F5These Common Stock Options vest in four equal installments: 25 percent on March 31, 2016 (the grant date), 25 percent on June 30, 2016, 25 percent on September 30, 2016, and 25 percent on December 31, 2016.