Filing Details
- Accession Number:
- 0001354488-16-008655
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-12-13 16:01:30
- Reporting Period:
- 2016-12-09
- Filing Date:
- 2016-12-13
- Accepted Time:
- 2016-12-13 16:01:30
- 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 |
|---|---|---|---|---|---|---|---|
| 1686223 | Khoso Baluch | 1430 Us Highway 206 Suite 200 Bedminster NJ 07921 | Chief Executive Officer | Yes | Yes | 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 | Acquisiton | 2016-12-09 | 10,000 | $1.77 | 10,000 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | $2.52 | 2026-09-30 | 1,250,000 | 1,250,000 | Direct | |
| Common Stock | Stock Option (right to buy) | $2.52 | 2026-09-30 | 300,000 | 300,000 | Direct | |
| Common Stock | Stock Option (right to buy) | $2.52 | 2026-09-30 | 300,000 | 300,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2026-09-30 | 1,250,000 | 1,250,000 | Direct |
| 2026-09-30 | 300,000 | 300,000 | Direct |
| 2026-09-30 | 300,000 | 300,000 | Direct |
Footnotes
- The option vests as follows: 25% on 10/3/2017, 25% on 10/3/2018, 25% on 10/3/2019, and 25% on 10/3/2020.
- The option vests on the date the Company's common stock attains an average closing price over any period of 30 consecutive trading days equal to or greater than 2.75 times the closing price per share on the lesser of 9/23/16 or 10/3/16 (the "Stock Price Condition"); provided, that if the Stock Price Condition is met prior to 12/31/18 then the option will not vest until 12/31/18. The option will be forfeited (i) if the stock price on 12/31/18 is below the closing price per share on the lesser of 9/23/16 or 10/3/2016; or (ii) if the Stock Price Condition is not met by 10/3/2020.
- The option vests based on certain performance milestones. If such milestones are met prior to 12/31/18, then the option will not vest until 12/31/18. The option will be forfeited if such milestones are not met by 10/3/2020.
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