Filing Details

Accession Number:
0001578563-18-000012
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-05-21 19:10:44
Reporting Period:
2018-05-18
Accepted Time:
2018-05-21 19:10:44
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
1363683 Peter Greenleaf C/O Cerecor Inc.
400 East Pratt Street, Suite 606
Baltimore MD 21202
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 2018-05-18 12,500 $3.98 412,500 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) $0.80 2027-05-11 16,714 16,714 Direct
Common Stock Employee Stock Option (Right to Buy) $0.57 2018-06-30 2027-06-29 8,357 8,357 Direct
Common Stock Employee Stock Option (Right to Buy) $4.24 2028-03-27 500,000 500,000 Direct
Common Stock Employee Stock Option (Right to Buy) $4.24 2028-03-27 500,000 500,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2027-05-11 16,714 16,714 Direct
2027-06-29 8,357 8,357 Direct
2028-03-27 500,000 500,000 Direct
2028-03-27 500,000 500,000 Direct
Footnotes
  1. This transaction was executed in multiple trades ranging from $3.95 to $4.00. 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. The stock option will vest in three substantially equal annual installments on May 11, 2018, 2019 and 2020, subject to the Reporting Person's continued service on each such vesting date.
  3. The stock options will vest in full on June 30, 2018, subject to the grantees continued service on such vesting date.
  4. The stock option will vest 25% on the first anniversary of the date of grant and the remaining 75% of the shares subject to the stock option shall vest in equal monthly installments on each monthly anniversary date of the first vesting date over the following 48 months beginning on April 27, 2019, provided the Reporting Person is then an officer of the Issuer on each such vesting date.
  5. The stock option will vest in full upon the Issuer's common stock closing at or above $12.50 per share for three consecutive trading days, provided the Reporting Person is then an officer of the Issuer on each such vesting date.