Sec Form 4 Filing - Lefkowitz Steven W @ CorMedix Inc. - 2016-06-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Lefkowitz Steven W
2. Issuer Name and Ticker or Trading Symbol
CorMedix Inc. [ CRMD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O CORMEDIX INC., 1430 US HIGHWAY 206, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
06/01/2016
(Street)
BEDMINSTER, NJ07921
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.001 par value per share 06/01/2016 M 100,000 A $ 0.68 217,399 D
Common Stock, $0.001 par value per share 174,741 I ( 1 ) Wade Capital Corporation Money Purchase Plan
Common Stock, $0.001 par value per share 10,000 I ( 1 ) Reporting Person's Wife
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 2.02 ( 2 ) 01/09/2024 Common Stock, $0.001 par value per share 200,000 200,000 D
Stock Option (right to buy) $ 2.02 ( 3 ) 01/09/2024 Common Stock, $0.001 par value per share 30,000 30,000 D
Swries C-3 Non-Voting Convertible Preferred Stock $ 1 ( 4 ) ( 4 ) Common Stock, $0.001 par value per share 45,000 4,500 D
Warrant (right to purchase Common Stock) $ 0.9 ( 5 ) 01/08/2015 01/08/2020 Common Stock, $0.001 par value per share 22,500 22,500 D
Series C-3 Non-Voting Convertible Preferred Stock $ 1 ( 5 ) ( 5 ) Common Stock, $0.001 par value per share 30,000 3,000 I ( 1 ) Wade Capital Corporation Money Purchase Plan
Warrant (right to purchase Common Stock) $ 0.9 ( 5 ) 01/08/2015 01/08/2020 Common Stock, $0.001 par value per share 15,000 15,000 I ( 1 ) Wade Capital Corporation Money Purchase Plan
Stock Option (right to buy) $ 0.9 ( 6 ) 03/20/2023 Common Stock, $0.001 par value per share 120,000 120,000 D
Stock Option (right to buy) $ 0.68 06/01/2016 M 100,000 ( 7 ) 12/05/2022 Common Stock, $0.001 par value per share 100,000 $ 0 0 D
Stock Option (right to buy) $ 1.1 ( 8 ) 08/11/2021 Common Stock, $0.001 par value per share 30,000 30,000 D
Stock Option (right to buy) $ 5.62 ( 3 ) 03/01/2025 Common Stock, $0.001 par value per share 50,000 50,000 D
Stock Option (right to buy) $ 1.91 ( 3 ) 09/20/2017 Common Stock, $0.001 par value per share 75,000 75,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lefkowitz Steven W
C/O CORMEDIX INC.
1430 US HIGHWAY 206, SUITE 200
BEDMINSTER, NJ07921
X
Signatures
Alexander M. Donalson by Power of Attorney 06/03/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person beneficially owns these securities through Wade Capital Corporation Money Purchase Plan (an entity for which he has voting and investment control).
( 2 )The options vested 100% on January 10, 2014.
( 3 )The options vest in full on the first anniversary of the date of grant.
( 4 )On January 8, 2014, the reporting person acquired in a private placement (i) 4,500 shares of the Company's Series C-3 Non-Voting Convertible Preferred Stock, each share is convertible into 10 shares of Common Stock, $0.001 par value per share at a conversion price of $1.00 per share; and (ii) a five-year warrant to purchase common stock at an exercise price of $1.25 per share. The Series C-3 Preferred Stock and the warrants were purchased together at a purchase price of $10.00 per share for each share of Series C-3 Preferred Stock.
( 5 )On January 8, 2014, the reporting person, through his ownership in Wade Capital Corporation Money Purchase Plan (an entity for which he has voting and investment control), acquired in a private placement (i) 3,000 shares of the Company's Series C-3 Non-Voting Convertible Preferred Stock, each share is convertible into 10 shares of Common Stock, $0.001 par value per share at a conversion price of $1.00 per share; and (ii) a five-year warrant to purchase common stock at an exercise price of $1.25 per share. The Series C-3 Preferred Stock and the warrants were purchased together at a purchase price of $10.00 per share for each share of Series C-3 Preferred Stock.
( 6 )These options vest quarterly over two years beginning June 13, 2013.
( 7 )These options vested as follows: (a) fifty percent (50%) on the date of issuance of the CE Mark certification for Neutrolin in Europe, which occuured on July 5, 2013, and (b) fifty percent (50%) on December 31, 2013.
( 8 )The options vest ratably, one-third of which will vest on each of the grant date, the first anniversary and the second anniversary thereof.

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