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Filing Details

Accession Number:: 0001144204-13-022754
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-04-18 17:22:20
Reporting Period:: 2013-04-16

Filing Date:: 2013-04-18
Accepted Time:: 2013-04-18 17:22:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1433607	Inspiremd Inc.	NSPR	Surgical & Medical Instruments & Apparatus (3841)	262123838

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1528577	Paul Stuka	C/O Osiris Partners, Llc One Liberty Square, 5Th Floor Boston MA 02109		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-04-16	250,000	$2.00	600,001	No	4	P	Indirect	See Note
Common Stock	Acquisiton	2013-04-16	141,408	$0.00	741,409	No	4	J	Indirect	See Note

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Note
No	4	J	Indirect	See Note

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Options to Purchase Common Stock	$3.16		2022-06-08	12,500	12,500	Direct
Common Stock	Options to Purchase Common Stock	$7.80		2021-08-08	25,000	25,000	Direct
Common Stock	Warrants	$7.20	2011-03-31	2016-03-31	83,333	83,333	Indirect
Common Stock	Warrants	$7.20	2011-04-15	2016-04-15	83,333	83,333	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-06-08	12,500	12,500	Direct
2021-08-08	25,000	25,000	Direct
2016-03-31	83,333	83,333	Indirect
2016-04-15	83,333	83,333	Indirect

Footnotes

In connection with the underwritten public offering of the Issuer's common stock on April 16, 2013 (the "Offering"), Osiris Investment Partners, L.P. ("Osiris") purchased 250,000 shares of common stock at the offering price of $2.00 per share.
These securities are held by Osiris. Mr. Stuka serves as the managing member of Osiris Partners, LLC, the general partner of Osiris. In such capacity, Mr. Stuka may be deemed to beneficially own the reported securities. Mr. Stuka disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purposes.
On April 16, 2013, as a result of the Issuer issuing certain shares of common stock at a purchase price of $2.00 per share and warrants to purchase common stock at an exercise price of $3.00 per share, the Reporting Person received these shares of common stock (the "Penalty Shares") pursuant to rights it irrevocably acquired on March 31, 2011 under a securities purchase agreement with the Issuer that provided for the issuance of additional shares of common stock to the Reporting Person in the event the Issuer issued shares of common stock at a price below $6.00 per share or common stock equivalents pursuant to which shares of common stock may be acquired at a price per share below $6.00. The Penalty Shares were issued for no additional consideration.
These transactions or holdings were previously reported by the Reporting Person. They are being reported in this Form 4 to note the Reporting Person's comprehensive holdings.
The option is exercisable in three equal annual installments. The first installment becomes exercisable on June 18, 2013, the second installment becomes exercisable on June 18, 2014 and the third installment becomes exercisable on June 18, 2015, provided that Mr. Stuka is providing services to the Issuer or its subsidiaries or affiliates on the applicable vesting date.
The option is exercisable in three equal annual installments. The first installment became exercisable on August 8, 2012, the second installment becomes exercisable on August 8, 2013 and the third installment becomes exercisable on August 8, 2014, provided that Mr. Stuka is providing services to the Issuer or its subsidiaries or affiliates on the applicable vesting date.