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Filing Details

Accession Number:: 0001144204-15-018080
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-03-24 16:06:18
Reporting Period:: 2015-03-20

Filing Date:: 2015-03-24
Accepted Time:: 2015-03-24 16:06:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1088856	Corcept Therapeutics Inc	CORT	Pharmaceutical Preparations (2834)	770487658

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1253886	G Patrick Enright	C/O Longitude Capital Partners, Llc 800 El Camino Real, Suite 220 Menlo Park CA 94025		Yes	No	Yes	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	2015-03-20	634,516	$2.77	13,145,097	No	4	X	Indirect	By LVP
Common Stock	Disposition	2015-03-20	300,447	$5.85	12,844,650	No	4	S	Indirect	By LVP
Common Stock	Acquisiton	2015-03-20	486,443	$2.77	13,331,093	No	4	X	Indirect	By LVP
Common Stock	Disposition	2015-03-20	230,333	$5.85	13,100,760	No	4	S	Indirect	By LVP
Common Stock	Acquisiton	2015-03-20	9,750	$2.77	182,742	No	4	X	Indirect	By LCA
Common Stock	Disposition	2015-03-20	4,617	$5.85	178,125	No	4	S	Indirect	By LCA
Common Stock	Acquisiton	2015-03-24	1,130,709	$2.77	14,231,469	No	4	X	Indirect	By LVP
Common Stock	Disposition	2015-03-24	554,348	$5.65	13,677,121	No	4	S	Indirect	By LVP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Indirect	By LVP
No	4	S	Indirect	By LVP
No	4	X	Indirect	By LVP
No	4	S	Indirect	By LVP
No	4	X	Indirect	By LCA
No	4	S	Indirect	By LCA
No	4	X	Indirect	By LVP
No	4	S	Indirect	By LVP

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant (Right to Buy)	Disposition	2015-03-20	634,516	$0.00	634,516	$2.77
Common Stock	Warrant (Right to Buy)	Disposition	2015-03-20	486,443	$0.00	486,443	$2.77
Common Stock	Warrant (Right to Buy)	Disposition	2015-03-20	9,750	$0.00	9,750	$2.77
Common Stock	Warrant (Right to Buy)	Disposition	2015-03-24	1,130,709	$0.00	1,130,709	$2.77

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,130,709	2008-03-25	2015-03-24	No	4	X	Indirect
0	2009-02-06	2015-03-24	No	4	X	Indirect
0	2009-02-06	2015-03-24	No	4	X	Indirect
0	2008-03-25	2015-03-24	No	4	X	Indirect

Footnotes

Reflects transactions and holdings of shares of common stock of the Issuer held of record by Longitude Venture Partners, L.P. ("LVP"). Patrick G. Enright is a managing member of Longitude Capital Partners, LLC ("Longitude Capital"), the sole general partner of LVP. Mr. Enright serves on the Board of Directors of the Issuer as the nominee of LVP. Mr. Enright disclaims beneficial ownership of the securities of the Issuer held of record by LVP, except to the extent of his pecuniary interest therein.
On March 20, 2015, LVP exercised a warrant to purchase 634,516 shares of the Issuer's common stock for an exercise price of $2.77 per share. LVP paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 300,447 of such shares to pay the exercise price and issuing to LVP the remaining 334,069 shares. In connection with such exercise, the Issuer also paid to LVP $5.63 in cash in lieu of a fractional share.
On March 20, 2015, LVP exercised a warrant to purchase 486,443 shares of the Issuer's common stock for an exercise price of $2.77 per share. LVP paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 230,333 of such shares to pay the exercise price and issuing to LVP the remaining 256,110 shares. In connection with such exercise, the Issuer also paid to LVP $0.94 in cash in lieu of a fractional share.
Reflects transactions and holdings of shares of common stock of the Issuer held of record by Longitude Capital Associates, L.P. ("LCA"). Patrick G. Enright is a managing member of Longitude Capital, the sole general partner of LCA. Mr. Enright disclaims beneficial ownership of the securities of the Issuer held of record by LCA, except to the extent of his pecuniary interest therein.
On March 20, 2015, LCA exercised a warrant to purchase 9,750 shares of the Issuer's common stock for an exercise price of $2.77 per share. LCA paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 4,617 of such shares to pay the exercise price and issuing to LCA the remaining 5,133 shares. In connection with such exercise, the Issuer also paid to LCA $1.95 in cash in lieu of a fractional share.
On March 24, 2015, LVP exercised a warrant to purchase 1,130,709 shares of the Issuer's common stock for an exercise price of $2.77 per share. LVP paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 554,348 of such shares to pay the exercise price and issuing to LVP the remaining 576,361 shares. In connection with such exercise, the Issuer also paid to LVP $2.27 in cash in lieu of a fractional share.