4//SEC Filing
Pedder Simon 4
Accession 0001578563-19-000025
CIK 0001534120other
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 5:03 PM ET
Size
17.4 KB
Accession
0001578563-19-000025
Insider Transaction Report
Form 4
Cerecor Inc.CERC
Pedder Simon
Director
Transactions
- Purchase
Common Stock
2019-08-27$2.98/sh+6,734$20,100→ 262,734 total
Holdings
- 117
Stock Option (Right to Buy)
Exercise: $5.44From: 2019-06-28Exp: 2029-06-28→ Common Stock (117 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) - 8,357
Stock Option (Right to Buy)
Exercise: $3.71Exp: 2028-05-14→ Common Stock (8,357 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: $4.98Exp: 2029-05-24→ Common Stock (300,000 underlying) - 1,012
Stock Option (Right to Buy)
Exercise: $4.34Exp: 2028-06-29→ Common Stock (1,012 underlying) - 300,000
Stock Option (Right to Buy)
Exercise: $5.17Exp: 2029-04-15→ Common Stock (300,000 underlying) - 990
Stock Option (Right to Buy)
Exercise: $4.67Exp: 2028-09-28→ Common Stock (990 underlying)
Footnotes (6)
- [F1]This transaction was executed in multiple trades ranging from $2.97 to $2.9941. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder full information regarding the number of shares and prices at which the transactions were effected.
- [F2]Granted for service on the Board of Directors as a non-employee Board member prior to appointment to Executive Chairman of the Board.
- [F3]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.
- [F4]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.
- [F5]The stock option is fully vested.
- [F6]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
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 5:03 PM ET
- Size
- 17.4 KB