Filing Details
- Accession Number:
- 0001654954-17-011649
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-12-14 16:08:19
- Reporting Period:
- 2017-12-12
- Accepted Time:
- 2017-12-14 16:08:19
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1410098 | Cormedix Inc. | CRMD | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1268675 | L. John Jr. Armstrong | C/O Cormedix Inc. 1430 U.s. Highway 206, Suite 200 Bedminster NJ 07921 | Exec Vp Of Tech Operations | No | No | 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 | 2017-12-12 | 20,833 | $0.48 | 20,833 | 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) | $2.18 | 2025-03-01 | 100,000 | 100,000 | Direct | |
| Common Stock | Restricted Stock Units | $0.00 | 2027-02-28 | 36,057 | 36,057 | Direct | |
| Common Stock | Stock Option (Right to Buy Common Stock) | $1.52 | 2024-11-14 | 10,000 | 10,000 | Direct | |
| Common Stock | Stock Option (Right to Buy Common Stock) | $3.25 | 2025-07-28 | 15,000 | 15,000 | Direct | |
| Common Stock | Stock Option (Right to Buy Common Stock) | $2.51 | 2026-03-08 | 200,000 | 200,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-03-01 | 100,000 | 100,000 | Direct |
| 2027-02-28 | 36,057 | 36,057 | Direct |
| 2024-11-14 | 10,000 | 10,000 | Direct |
| 2025-07-28 | 15,000 | 15,000 | Direct |
| 2026-03-08 | 200,000 | 200,000 | Direct |
Footnotes
- Purchase was contracted on November 17, 2017, but not closed until December 12, 2017.
- The option vests based on certain performance milestones, subject to continued employment. The option will be forfeited if such milestones are not met by certain dates.
- Each restricted stock unit represents the right to receive one share of CorMedix Inc. common stock. The restricted stock units vest 50% on December 31, 2017 and 50% on December 31, 2018, subject to continued employment.
- These options vested upon the achievement of certain milestones, subject to continued employment.
- One third of these options vested upon the achievement of a certain milestone and one third vested on each of December 31, 2015 and July 28, 2015.
- 15,000 of these options vest monthly over four years, beginning on March 9, 2016, 20,000 vest upon the achievement of a certain milestone, subject to continued employment, and the rest vested upon the achievement of certain milestones.
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