Daron Evans - May 24, 2021 Form 4 Insider Report for NEPHROS INC (NEPH)

Role
CEO of Specialty Renal Product
Signature
/s/ Daron Evans
Stock symbol
NEPH
Transactions as of
May 24, 2021
Transactions value $
$5,999
Form type
4
Date filed
5/25/2021, 03:40 PM
Next filing
Jan 25, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEPH Common Stock Exercise of in-the-money or at-the-money derivative security $3K +1.11K +13.57% $2.70 9.3K May 24, 2021 By UTMA #1
transaction NEPH Common Stock Exercise of in-the-money or at-the-money derivative security $3K +1.11K +14.05% $2.70 9.02K May 24, 2021 By UTMA #2
holding NEPH Common Stock 134K May 24, 2021 Direct
holding NEPH Common Stock 888 May 24, 2021 By UTMA #3
holding NEPH Common Stock 888 May 24, 2021 By UTMA #4
holding NEPH Common Stock 6.11K May 24, 2021 By PoC Capital, LLC F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEPH Common Stock Warrants (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -1.11K -100% $0.00* 0 May 24, 2021 Common Stock 1.11K $2.70 By UTMA #1 F6
transaction NEPH Common Stock Warrants (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -1.11K -100% $0.00* 0 May 24, 2021 Common Stock 1.11K $2.70 By UTMA #2 F6
holding NEPH Stock Option (Right to Buy) 8.37K May 24, 2021 Common Stock 8.37K $4.14 Direct F2
holding NEPH Stock Option (Right to Buy) 243K May 24, 2021 Common Stock 243K $5.40 Direct F3
holding NEPH Stock Option (Right to Buy) 93K May 24, 2021 Common Stock 93K $4.50 Direct F4
holding NEPH Stock Option (Right to Buy) 20K May 24, 2021 Common Stock 20K $8.57 Direct F5
holding NEPH Common Stock Warrants (Right to Buy) 4.63K May 24, 2021 Common Stock 4.63K $2.70 By UTMA #1
holding NEPH Common Stock Warrants (Right to Buy) 4.63K May 24, 2021 Common Stock 4.63K $2.70 By UTMA #2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is a managing director of the LLC that owns the reported securities. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F2 Fully exercisable.
F3 On 4/15/15, the Reporting Person was granted an option to purchase 242,690 shares of common stock of the Company. Options to purchase 84,941 shares vest quarterly in 16 equal amounts commencing on 6/30/15; options to purchase 36,404 shares vested on 8/9/19; and options to purchase 121,345 shares vested upon achievement of previously disclosed performance measures.
F4 On 12/20/17, the Reporting Person was granted an option to purchase 93,014 shares of common stock of the Company. Options to purchase 23,253 shares vested on 12/20/18 and options to purchase 69,761 shares vest quarterly in 12 equal amounts commencing on 3/20/19.
F5 On 12/16/19, the Reporting Person was granted an option to purchase 20,000 shares of common stock of the Company. Options to purchase 5,000 shares vest on 12/16/20 and options to purchase 15,000 shares vest quarterly in 12 equal amounts commencing on 3/16/21.
F6 Previous filings mistakenly reflected this amount as 1,112 shares; the correct amount after appropriate rounding adjustments is 1,111 shares, as reflected above.