Form 4 for CTSO Cytosorbents Corp
Accepted 2023-04-05 00:00:00 ET · period of report 2023-04-03 · accession 0001104659-23-042221 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-04-05 | 2023-04-03 | CTSO | Chan Phillip P. | CEO | M - OptEx | $2.88 | +30.5K | 927.8K | +3% | +$87.8K |
| D | 2023-04-05 | 2023-04-03 | CTSO | Chan Phillip P. | CEO | M - OptEx | $0.00 | -30.5K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-04-03 | M | A | 30,500 | $2.88 | 927,779 | D | — | — | (F2) (continued from footnote 2) (b) the following RSUs (which vest as to one-third of the award on each of the date of grant, the first anniversary of the date of grant, and the second anniversary of the date of grant, subject to the reporting person's continued service as of the applicable vesting date) and will settle into shares of Common Stock upon vesting: (a) 24,000 RSUs granted on April 12, 2021 and unvested on the date hereof and (b) 52,667 RSUs granted on August 10, 2022 and unvested as of the date hereof; and (F1) Includes (a) the following restricted stock units ("RSUs") that will be settled into shares of the Issuer's common stock upon vesting upon a "Change In Control" of the Issuer as defined in the Amended and Restated CytoSorbents Corporation 2014 Long-Term Incentive Plan (the "Plan"): (a) 10,300 RSUs granted on March 15, 2018, (b) 18,700 RSUs granted on February 24, 2017, (c) 57,000 RSUs granted on June 7, 2016 and (d) 130,000 RSUs granted on April 8, 2015; (F3) (continued from footnote 3) (c) 635,112 shares of the Issuer's common stock owned by the reporting person, inclusive of the 30,500 shares of the Issuer's common stock reported on this Form 4. |
| 2 | Derivative | Stock Option (right to buy) | 2023-04-03 | M | D | 30,500 | $0.00 | 0 | D | $2.88 · — to 2023-04-04 | 30,500 Common Stock | (F4) These stock options were originally granted on April 4, 2013 and became exercisable at the discretion of the Board of Directors of the Company upon the achievement of certain milestones connected to the Company's operations. |