CorMedix Inc. 4
4 · CorMedix Inc. · Filed Mar 2, 2017
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)
2017-03-01+100,000→ 100,000 totalExercise: $2.18Exp: 2027-03-01→ Common Stock (100,000 underlying)
Holdings
- 36,057
Restricted Stock Units
Exp: 2027-02-28→ Common Stock (36,057 underlying) - 10,000
Stock Option (Right to Buy Common Stock)
Exercise: $1.52Exp: 2024-11-14→ Common Stock (10,000 underlying) - 15,000
Stock Option (Right to Buy Common Stock)
Exercise: $3.25Exp: 2025-07-28→ default (15,000 underlying) - 200,000
Stock Option (Right to Buy Common Stock)
Exercise: $2.51Exp: 2026-03-08→ Common Stock (200,000 underlying)
Footnotes (5)
- [F1]The option vests based on certain performance milestones, subject to continued employment. The option will be forfeited if such milestones are not met by certain dates.
- [F2]Each restricted stock unit represents the right to receive one share of CorMedix Inc. common stock. The restricted stock units vest 50% on December 31, 2017 and 50% on December 31, 2018, subject to continued employment.
- [F3]These options vested upon the achievement of certain milestones, subject to continued employment.
- [F4]One third of these options vested upon the achievement of a certain milestone and one third vested on each of December 31, 2015 and July 28, 2015.
- [F5]15,000 of these options vest monthly over four years, beginning on March 9, 2016, 20,000 vest upon the achievement of a certain milestone, subject to continued employment, and the rest vested upon the achievement of certain milestones.