4//SEC Filing
BLOCH KATHLEEN P. 4
Accession 0001104659-23-102316
CIK 0001175151other
Filed
Sep 19, 8:00 PM ET
Accepted
Sep 20, 4:34 PM ET
Size
9.2 KB
Accession
0001104659-23-102316
Insider Transaction Report
Form 4
BLOCH KATHLEEN P.
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2023-09-18+30,000→ 30,000 totalExercise: $1.98Exp: 2033-09-18→ Common Stock (30,000 underlying) - Award
Common Stock
2023-09-18+45,000→ 442,347 total
Footnotes (5)
- [F1]These shares represent restricted stock units ("RSUs") which shall vest as follows: (i) 25,000 RSUs shall vest on the date of grant, (ii) 10,000 RSUs shall vest on the first anniversary of the date of grant, and (iii) 10,000 RSUs shall vest on the second anniversary of the date of grant, subject to the reporting person's continued service as of the applicable vesting date, and will be settled into common stock, par value $0.001 per share (the "Common Stock") of CytoSorbents Corporation (the "Company") upon vesting.
- [F2]Includes: (i) the following RSUs that will be settled into Common Stock upon a "Change In Control" of the Company, as defined in the Amended and Restated CytoSorbents Corporation 2014 Long-Term Incentive Plan: (a) 8,800 RSUs granted on March 15, 2018, (b) 15,700 RSUs granted on February 24, 2017, (c) 47,000 RSUs granted on June 7, 2016 and (d) 110,000 RSUs granted on April 8, 2015;
- [F3](continued from footnote 2) (ii) 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 be settled into common stock of the Company upon vesting: 18,500 RSUs granted on August 10, 2022; and
- [F4](continued from footnote 3) (iii) 197,347 shares of Common Stock owned by the Reporting Person.
- [F5]These stock options were granted pursuant to the Plan. The shares underlying these stock options shall vest as follows: (i) 10,000 shares underlying these stock options shall vest on the date of grant, (ii) 10,000 shares underlying these stock options shall vest on the first anniversary of the date of grant, and (iii) 10,000 underlying these stock options shall vest on the second anniversary of the date of grant, subject to the reporting person's continued service as of the applicable vesting date.
Documents
Issuer
Cytosorbents Corp
CIK 0001175151
Entity typeother
Related Parties
1- filerCIK 0001409212
Filing Metadata
- Form type
- 4
- Filed
- Sep 19, 8:00 PM ET
- Accepted
- Sep 20, 4:34 PM ET
- Size
- 9.2 KB