CorMedix Inc. 4
4 · CorMedix Inc. · Filed Apr 1, 2010
Insider Transaction Report
Form 4
CorMedix Inc.CRMD
Houghton John C.
DirectorPresident and CEO
Transactions
- Award
Stock option (right to buy)
2010-03-30+816,231→ 816,231 totalExercise: $3.13Exp: 2020-03-30→ Common Stock, $0.001 par value per share (816,231 underlying) - Purchase
Common Stock, $0.001 par value per share
2010-03-30+2,800→ 16,328 total - Purchase
Warrants issued as a part of Units
2010-03-30+1,400→ 1,400 totalExercise: $3.44Exp: 2015-03-24→ Common Stock, $0.001 par value per share (1,400 underlying)
Footnotes (3)
- [F1]These securities were issued as a part of 1,400 Units purchased by Mr. Houghton directly from the underwriters in the Company's initial public offering, which closed on March 30, 2010. The Units were purchased at $6.50 per Unit, the initial public offering price. Each Unit consists of two shares of common stock and a warrant to purchase one share of common stock.
- [F2]These options vest as follows: 1/3 on March 30, 2011; an additional 1/3 on March 30, 2012; and the remaining 1/3 on March 30, 2013.
- [F3]These warrants will become exercisable upon the earlier to occur of the expiration of the underwriters' over allotment option with respect to the Company's initial public offering, or the exercise in full of such over allotment option.