ARMSTRONG JR. JOHN L. 4
4 · CorMedix Inc. · Filed Mar 27, 2019
Insider Transaction Report
Form 4
CorMedix Inc.CRMD
ARMSTRONG JR. JOHN L.
Exec VP of Tech Operations
Transactions
- Purchase
Common Stock
2019-03-26$7.73/sh+5,000$38,650→ 69,378 total
Holdings
- 3,000
Stock Option (Right to Buy Common Stock)
Exercise: $16.25Exp: 2025-07-28→ Common Stock (3,000 underlying) - 2,000
Stock Option (Right to Buy Common Stock)
Exercise: $7.60Exp: 2024-11-14→ Common Stock (2,000 underlying) - 40,000
Stock Option (Right to Buy Common Stock)
Exercise: $12.55Exp: 2026-03-08→ Common Stock (40,000 underlying) - 9,000
Stock Option (Right to Buy Common Stock)
Exercise: $8.30Exp: 2029-01-10→ Common Stock (9,000 underlying) - 20,000
Stock Option (Right to Buy Common Stock)
Exercise: $10.90Exp: 2025-03-01→ Common Stock (20,000 underlying)
Footnotes (6)
- [F1]The Issuer effected a 1-for-5 reverse stock split of its common stock on March 26, 2019. All share and per share exercise price amounts shown in this Form 4 have been adjusted to reflect the reverse stock split.
- [F2]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.
- [F3]The option vests based on certain performance milestones. The option will be forfeited if such milestones are not met by certain dates.
- [F4]These options vested upon the achievement of certain milestones, subject to continued employment.
- [F5]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.
- [F6]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.