4//SEC Filing
GRAY KERRY P 4
Accession 0001086377-13-000003
CIK 0001168220other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 5:48 PM ET
Size
15.6 KB
Accession
0001086377-13-000003
Insider Transaction Report
Form 4
ULURU INC.ULUR
GRAY KERRY P
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2013-03-20+250,000→ 250,000 totalExercise: $0.33From: 2013-03-20Exp: 2023-03-20→ Common Stock (250,000 underlying)
Holdings
- 35,000
Warrant
Exercise: $1.20From: 2011-06-13Exp: 2016-06-13→ Common Stock (35,000 underlying) - 34,722
Warrant
Exercise: $1.08From: 2011-07-28Exp: 2016-07-28→ Common Stock (34,722 underlying) - 115,741
Convertible Promissory Note
Exercise: $1.08From: 2011-07-28Exp: 2014-07-28→ Common Stock (115,741 underlying) - 100,000(indirect: By Trust)
Common Stock
- 600,000
Warrant
Exercise: $0.60From: 2013-09-10Exp: 2018-03-14→ Common Stock (600,000 underlying) - 116,667
Convertible Promissory Note
Exercise: $1.20From: 2011-06-13Exp: 2014-06-13→ Common Stock (116,667 underlying) - 1,256,893
Common Stock
Footnotes (5)
- [F1]Includes 50,000 shares held by Kerry P. Gray, Trustee for benefit of Michael J. Gray and 50,000 shares held by Kerry P. Gray, Trustee for benefit of Lindsay K. Gray. Mr. Gray disclaims beneficial ownership of such shares.
- [F2]The stock options became exercisable with respect to 100,000 shares of the Company's common stock on March 20, 2013 and will become exercisable with respect to an additional 150,000 shares of the Company's common stock over a three year period with vesting of such additional shares of the Company's common stock being determined every nine months upon a review and evaluation by the Company's Compensation Committee of Mr. Gray's contribution to the progress of the Company's business plan.
- [F3]On March 14, 2013, Mr. Gray purchased from the Company 1,000,000 shares of common stock at a price of $0.40 per share. The purchase will take place at the following four closings over the next twelve months: (i) 200,000 shares of common stock were purchased at a price of $80,000 at the initial closing on March 14, 2013, (ii) 250,000 shares of common stock will be purchased at a price of $100,000 on July 14, 2013, (iii) 300,000 shares of common stock will be purchased at a price of $120,000 on November 14, 2013, and (iv) 250,000 shares of common stock will be purchased at a price of $100,000 on March 14, 2014. In connection with his purchase of the Company's common stock, Mr. Gray was also issued a warrant to acquire up to 600,000 shares of the Company's common stock at a fixed exercise price of $0.60 per share. The warrant will become exercisable on September 10, 2013 subject to payment of the sums described above and has an expiration of March 14, 2018.
- [F4]On July 28, 2011, Mr. Gray purchased from the Company a convertible promissory note in the principal amount of $125,000. The principal amount of the note is convertible into shares of the Company's common stock at a price of $1.08 per share. In connection with his purchase of the note, Mr. Gray was also issued a warrant to acquire up to 34,722 shares of the Company's common stock at a fixed exercise price of $1.08 per share with an expiration date of July 28, 2016.
- [F5]On June 13, 2011, Mr. Gray purchased from the Company a convertible promissory note in the principal amount of $140,000. The principal amount of the note is convertible into shares of the Company's common stock at a price of $1.20 per share. In connection with his purchase of the note, Mr. Gray was also issued a warrant to acquire up to 35,000 shares of the Company's common stock at a fixed exercise price of $1.20 per share with an expiration date of June 13, 2016.
Documents
Issuer
ULURU INC.
CIK 0001168220
Entity typeother
Related Parties
1- filerCIK 0001086377
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 5:48 PM ET
- Size
- 15.6 KB