ARMSTRONG JR. JOHN L. 4
4 · CorMedix Inc. · Filed Jan 13, 2021
Insider Transaction Report
Form 4
CorMedix Inc.CRMD
ARMSTRONG JR. JOHN L.
Exec VP of Tech Operations
Transactions
- Award
Stock Option (Right to Buy Common Stock)
2021-01-11+140,000→ 140,000 totalExercise: $8.32Exp: 2031-01-11→ Common Stock (140,000 underlying)
Holdings
- 3,000
Stock Option (Right to Buy Common Stock)
Exercise: $16.25Exp: 2025-07-28→ Common Stock (3,000 underlying) - 37,500
Stock Option (Right to Buy Common Stock)
Exercise: $5.63Exp: 2030-05-11→ Common Stock (37,500 underlying) - 24,764
Stock Option (Right to Buy Common Stock)
Exercise: $5.63Exp: 2030-02-25→ Common Stock (24,764 underlying) - 7,830
Stock Option (Right to Buy Common Stock)
Exercise: $8.30Exp: 2029-01-10→ Common Stock (7,830 underlying) - 6,600
Stock Option (Right to Buy Common Stock)
Exercise: $10.90Exp: 2027-03-01→ Common Stock (6,600 underlying) - 96,878
Common Stock
- 40,000
Stock Option (Right to Buy Common Stock)
Exercise: $12.55Exp: 2026-03-08→ Common Stock (40,000 underlying) - 37,500
Stock Option (Right to Buy Common Stock)
Exercise: $4.08Exp: 2030-05-11→ Common Stock (37,500 underlying) - 2,000
Stock Option (Right to Buy Common Stock)
Exercise: $7.60Exp: 2024-11-14→ Common Stock (2,000 underlying)
Footnotes (8)
- [F1]These options were granted on 1/11/2021. These options vest, subject to continued employment, as follows: 50% of the options vest over time, with 25% vested on the grant date and 25% vesting in equal thirds on the first, second and third anniversaries of the grant date; and 50% of the options vest upon the achievement of certain milestones.
- [F2]These options were granted on 05/11/2020. These options vest 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
- [F3]These options were granted on 02/25/2020. These options vest 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
- [F4]These options were granted on 1/10/2019. These options vest, subject to continued employment, as follows: 35% of the options vest over time, with 25% vested on the grant date and 25% vesting on the first, second and third anniversaries of the grant date; and 65% of the options vest upon the achievement of certain milestones. These options include options to purchase an aggregate of 1,575 shares that are subject to vesting 50% on January 10, 2021 and 50% on January 10, 2022.
- [F5]These options vested upon the achievement of certain performance milestones.
- [F6]These options vested upon the achievement of certain milestones.
- [F7]These options are fully vested.
- [F8]3,000 of these options vested monthly over four years, beginning on March 9, 2016, 4,000 vest upon the achievement of a certain milestone, subject to continued employment, and the rest vested upon the achievement of certain milestones. These options are fully vested.