Filing Details

Accession Number:
0001193805-10-000961
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-04-01 13:00:00
Reporting Period:
2010-03-30
Filing Date:
2010-04-01
Accepted Time:
2010-04-01 20:29:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1410098 Cormedix Inc. CRMD Pharmaceutical Preparations (2834) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1374805 H Russell Ellison C/O Cormedix Inc.
86 Summit Avenue, Suite 301
Summit NJ 079013647
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.001 Par Value Per Share Acquisiton 2010-03-30 160,000 $0.00 160,000 No 4 P Indirect By Global Paramount BioFund, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Global Paramount BioFund, LP
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, $0.001 Par Value Per Share Stock option (right to buy) Acquisiton 2010-03-30 20,000 $0.00 20,000 $3.13
Common Stock, $0.001 Par Value Warrants issued as a part of Units Acquisiton 2010-03-30 80,000 $0.00 80,000 $3.44
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
20,000 2020-03-30 No 4 A Direct
80,000 2015-03-24 No 4 P Indirect
Footnotes
  1. These securities were issued as a part of 80,000 Units purchased by Global Paramount BioFund, LP (the ''Fund'') directly from the underwriters in the Company's initialpublic offering, which closed on March 30, 2010. The Units were purchased at $6.50 per Unit, the initial public offering price. Each Unit consists of two shares ofcommon stock and a warrant to purchase one share of common stock.
  2. The Fund is the direct owner of the subject securities. Mr. Ellison is a managing member of Global BioFund GP, LLC, the general partner of the Fund, and a portfoliomanager of Global Bio Asset Management, LP, the investment manager of the Fund. Mr. Ellison disclaims beneficial ownership of such securities, except to the extentof his pecuniary interest therein, if any. This report shall not be deemed an admission that Mr. Ellison is the beneficial owner of the securities for purposes of Section16 of the Securities Exchange Act of 1934, as amended or for any other purpose.
  3. These options vest as follows: 1/3 on March 30, 2010; an additional 1/3 on March 30, 2011; and the remaining 1/3 on March 30, 2012.
  4. These warrants will become exercisable upon the earlier to occur of the expiration of the underwriters' over allotment option with respect to the Company's initial public offering, or the exercise in full of such over allotment option.