James L. Herman - 17 Mar 2021 Form 4 Insider Report for CUMBERLAND PHARMACEUTICALS INC (CPIX)

Role
VP and Chief Compliance Office
Signature
James L. Herman by /s/ John Hamm as attorney-in-fact
Issuer symbol
CPIX
Transactions as of
17 Mar 2021
Net transactions value
-$8,243
Form type
4
Filing time
11 Jun 2021, 17:12:52 UTC
Next filing
29 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPIX Common Stock Tax liability $8,243 -2,560 -5.4% $3.22 45,001 17 Mar 2021 Direct 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 CPIX Options (right to buy) Award $0 +3,000 $0.000000 3,000 17 Mar 2021 Common Stock 3,000 $3.22 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents shares withheld/purchased by the Company to cover the tax withholding obligations for the vesting of shares.
F2 100% vesting on March 17, 2025.