Filing Details
- Accession Number:
- 0001567619-18-001417
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-08-17 20:13:00
- Reporting Period:
- 2018-08-15
- Accepted Time:
- 2018-08-17 20:13:00
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1594337 | Corium International Inc. | CORI | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1271088 | D Peter Staple | C/O Corium International, Inc. 235 Constitution Drive Menlo Park CA 94025 | President & Ceo | 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 | 2018-08-15 | 190,730 | $2.12 | 362,316 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-08-15 | 45,919 | $8.81 | 316,397 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-08-16 | 39,320 | $8.66 | 277,077 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-08-17 | 7,813 | $0.00 | 284,890 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-08-17 | 2,701 | $9.01 | 282,189 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-08-17 | 34,320 | $8.96 | 247,869 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2018-08-15 | 190,730 | $0.00 | 190,730 | $2.12 |
| Common Stock | Restricted Stock Units (RSU) | Disposition | 2018-08-17 | 7,813 | $0.00 | 7,813 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-08-25 | No | 4 | M | Direct | |
| 23,437 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 34,878 | Indirect | By The Staple Family 2006 Trust |
Footnotes
- Represents the number of already-owned shares delivered by the reporting person to pay the exercise price of the expiring employee stock option listed in Table II.
- The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- Represents the number of shares sold pursuant to a Rule 10b5-1 plan adopted by the reporting person to cover tax obligations in connection with the vesting of the stock options listed in Table II.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.54 to $8.84 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.59 to $9.16 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.81 to $9.04 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- This option was fully vested and due to expire on August 25, 2018.
- Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of the issuer's common stock upon settlement.
- The RSUs vest as to 1/4 of the total number of shares on January 4, 2018 and then 1/4 of the total number of shares on January 4 of each successive year thereafter, subject to the Issuer's Insider Trading Policy and trading window and to the reporting person's continued service with the Issuer through each vesting date.
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