4//SEC Filing
Pedder Simon 4
Accession 0001578563-19-000019
CIK 0001534120other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 5:31 PM ET
Size
16.9 KB
Accession
0001578563-19-000019
Insider Transaction Report
Form 4
Cerecor Inc.CERC
Pedder Simon
Director
Transactions
- Award
Stock Option (Right to Buy)
2019-05-24+300,000→ 300,000 totalExercise: $4.98Exp: 2029-05-24→ Common Stock (300,000 underlying) - Award
Common Stock
2019-05-24+250,000→ 256,000 total
Holdings
- 990
Stock Option (Right to Buy)
Exercise: $4.67Exp: 2028-09-28→ Common Stock (990 underlying) - 16,714
Stock Option (Right to Buy)
Exercise: $4.14Exp: 2028-04-06→ Common Stock (16,714 underlying) - 300,000
Stock Option (Right to Buy)
Exercise: $5.17Exp: 2029-04-15→ Common Stock (300,000 underlying) - 8,357
Stock Option (Right to Buy)
Exercise: $3.71Exp: 2028-05-14→ Common Stock (8,357 underlying) - 882
Stock Option (Right to Buy)
Exercise: $5.84Exp: 2029-03-29→ Common Stock (882 underlying) - 1,504
Stock Option (Right to Buy)
Exercise: $3.23Exp: 2028-12-31→ Common Stock (1,504 underlying) - 1,012
Stock Option (Right to Buy)
Exercise: $4.34Exp: 2028-06-29→ Common Stock (1,012 underlying)
Footnotes (5)
- [F1]The restricted stock units vest 50,000 shares immediately and the tax burden of this vest is to be covered by the Issuer and the remaining shares will vest in three substantially equal installments on April 10, 2020, 2021 and 2022, provided the Reporting Person is then still providing continuous service as an employee, director or consultant.
- [F2]The stock option was granted on May 24, 2019. One-third of the shares subject to the option will vest upon the Issuer's common stock closing at or above $8.00 per share for three consecutive trading days. The next one-third of the shares subject to the option will vest upon the Issuer's common stock closing at or above $10.50 per share for three consecutive trading days. The final one-third of the shares subject to the option will vest upon the Issuer's common stock closing at or above $13.00 per share for three consecutive trading days.
- [F3]The stock option was granted on April 15, 2019. One-third of the shares subject to the stock option will vest on the first anniversary of the date of grant, and the remaining two-thirds of the shares subject to the stock option will vest in equal monthly installments over the following 24 months, provided the Reporting Person is then still providing continuous service as an employee, director or consultant.
- [F4]The stock option is fully vested.
- [F5]The stock option will vest in three substantially equal installments on April 6, 2019, 2020 and 2021, provided the Reporting Person is then still providing continuous service as an employee, director or consultant.
Documents
Issuer
Cerecor Inc.
CIK 0001534120
Entity typeother
Related Parties
1- filerCIK 0001316736
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 5:31 PM ET
- Size
- 16.9 KB