Filing Details

Accession Number:
0001578563-19-000025
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-29 17:03:53
Reporting Period:
2019-08-27
Accepted Time:
2019-08-29 17:03:53
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1534120 Cerecor Inc. CERC () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1316736 Simon Pedder C/O Cerecor Inc.
540 Gaither Road, Suite 400
Rockville MD 20850
Executive Chairman Of The Bd 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 2019-08-27 6,734 $2.98 262,734 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) $5.44 2019-06-28 2029-06-28 117 117 Direct
Common Stock Stock Option (Right to Buy) $4.98 2029-05-24 300,000 300,000 Direct
Common Stock Stock Option (Right to Buy) $5.17 2029-04-15 300,000 300,000 Direct
Common Stock Stock Option (Right to Buy) $5.84 2029-03-29 882 882 Direct
Common Stock Stock Option (Right to Buy) $3.23 2028-12-31 1,504 1,504 Direct
Common Stock Stock Option (Right to Buy) $4.67 2028-09-28 990 990 Direct
Common Stock Stock Option (Right to Buy) $4.34 2028-06-29 1,012 1,012 Direct
Common Stock Stock Option (Right to Buy) $3.71 2028-05-14 8,357 8,357 Direct
Common Stock Stock Option (Right to Buy) $4.14 2028-04-06 16,714 16,714 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2029-06-28 117 117 Direct
2029-05-24 300,000 300,000 Direct
2029-04-15 300,000 300,000 Direct
2029-03-29 882 882 Direct
2028-12-31 1,504 1,504 Direct
2028-09-28 990 990 Direct
2028-06-29 1,012 1,012 Direct
2028-05-14 8,357 8,357 Direct
2028-04-06 16,714 16,714 Direct
Footnotes
  1. This transaction was executed in multiple trades ranging from $2.97 to $2.9941. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder full information regarding the number of shares and prices at which the transactions were effected.
  2. Granted for service on the Board of Directors as a non-employee Board member prior to appointment to Executive Chairman of the Board.
  3. The stock option was granted on May 24, 2019. One-third of the shares subject to the option will vest upon the Issuer's common stock closing at or above $8.00 per share for three consecutive trading days. The next one-third of the shares subject to the option will vest upon the Issuer's common stock closing at or above $10.50 per share for three consecutive trading days. The final one-third of the shares subject to the option will vest upon the Issuer's common stock closing at or above $13.00 per share for three consecutive trading days.
  4. The stock option was granted on April 15, 2019. One-third of the shares subject to the stock option will vest on the first anniversary of the date of grant, and the remaining two-thirds of the shares subject to the stock option will vest in equal monthly installments over the following 24 months, provided the Reporting Person is then still providing continuous service as an employee, director or consultant.
  5. The stock option is fully vested.
  6. The stock option will vest in three substantially equal installments on April 6, 2019, 2020 and 2021, provided the Reporting Person is then still providing continuous service as an employee, director or consultant.