Filing Details

Accession Number:
0001354488-17-000530
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-05-19 16:05:11
Reporting Period:
2017-05-17
Filing Date:
2017-05-19
Accepted Time:
2017-05-19 16:05:11
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 2017-05-17 75,000 $0.48 85,000 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 Common Stock) $2.52 2026-09-30 1,250,000 1,250,000 Direct
Common Stock Stock Option (Right to Buy Common Stock) $2.52 2026-09-30 300,000 300,000 Direct
Common Stock Stock Option (Right to Buy Common Stock) $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
  1. 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.
  2. 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.
  3. 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.