4//SEC Filing
ULURU Inc. 4
Accession 0001086377-14-000001
CIK 0001168220operating
Filed
Sep 28, 8:00 PM ET
Accepted
Sep 29, 2:48 PM ET
Size
14.5 KB
Accession
0001086377-14-000001
Insider Transaction Report
Form 4
ULURU Inc.ULUR
GRAY KERRY P
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2014-09-25$1.15/sh+250,000$287,500→ 250,000 totalExercise: $1.15Exp: 2024-09-25→ Common Stock (250,000 underlying)
Holdings
- 34,722
Warrant
Exercise: $1.08From: 2011-07-28Exp: 2016-07-28→ Common Stock (34,722 underlying) - 35,000
Warrant
Exercise: $1.20From: 2011-06-13Exp: 2016-06-13→ Common Stock (35,000 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) - 1,499,919
Common Stock
- 250,000
Stock Option (Right to Buy)
Exercise: $0.33Exp: 2023-03-20→ Common Stock (250,000 underlying)
Footnotes (6)
- [F1]Includes 50,000 shares of common stock held by Kerry P. Gray, Trustee for benefit of Michael J. Gray and 50,000 shares of common stock held by Kerry P. Gray, Trustee for benefit of Lindsay K. Gray. Mr. Gray disclaims beneficial ownership of such shares.
- [F2]This stock option will become exercisble with respect to 250,000 shares of the Company's common stock over a three year period with the vesting of such 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 achievement of the Company's business plan.
- [F3]This stock option became exercisable with respect to 175,000 shares of the Company's common stock on September 25, 2014 and will become exercisable with respect to an additional 75,000 shares of the Company's common stock over an eighteen month period with the 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 achievement of the Company's business plan.
- [F4]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 with the purchase taking place at four closings over a twelve month period. 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 became exercisable on September 10, 2013 and has an expiration date of March 14, 2018.
- [F5]On July 28, 2011, Mr. Gray purchased from the Company a convertible promissory note in the principal amount of $125,000. On July 28, 2014, the Company issued 115,741 shares of common stock to Mr. Gray for the conversion and final payment of $125,000 due under the convertible promissory note. In connection with his purchase of the convertible promissory 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.
- [F6]On June 13, 2011, Mr. Gray purchased from the Company a convertible promissory note in the principal amount of $140,000. On June 13, 2014, the Company issued 116,667 shares of common stock to Mr. Gray for the conversion and final payment of $140,000 due under the convertible promissory note. In connection with his purchase of the convertible promissory 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 typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001168220
Filing Metadata
- Form type
- 4
- Filed
- Sep 28, 8:00 PM ET
- Accepted
- Sep 29, 2:48 PM ET
- Size
- 14.5 KB