Sec Form 4 Filing - Errico Joseph P @ electroCore, Inc. - 2019-04-01

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
Errico Joseph P
2. Issuer Name and Ticker or Trading Symbol
electroCore, Inc. [ ECOR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
150 ALLEN ROAD, SUITE 201
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2019
(Street)
BASKING RIDGE, NJ07920
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 04/01/2019 S 10,408 ( 1 ) ( 2 ) D $ 6.97 ( 2 ) 571,941 D
Common Stock 69,444 I Via Errico 2010 Dynasty Trust
Common Stock 55,729 I Via children
Common Stock 111,318 I Via Core Ventures 2010, LLC
Common Stock 46,378 I Via 2010 Core Investment Partners, LLC
Common Stock 406,566 I Via Core Ventures II, LLC
Common Stock 24,779 I Via Core Ventures IV, LLC
Common Stock 40,280 I Via ECNG, LLC
Common Stock 382,607 I Via NeuroCore Investment Partners, LLC
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) $ 6.72 04/01/2019 A 106,112 ( 4 ) 04/01/2020 04/01/2029 Common Stock 106,112 $ 0 106,112 D
Restricted Stock Units ( 3 ) $ 0 04/01/2019 A 25,706 ( 5 ) 04/01/2020 ( 5 ) Common Stock 25,706 $ 0 25,706 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Errico Joseph P
150 ALLEN ROAD, SUITE 201
BASKING RIDGE, NJ07920
X X See Remarks
Signatures
/s/ John L. Cleary, II, attorney-in-fact 04/02/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were sold pursuant to the Reporting Person's written trading plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
( 2 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.55 to $7.08 per share. The Reporting Person undertakes to provide to electroCore, Inc., any security holder of electroCore, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold by it at each separate price on April 1, 2019.
( 3 )Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock of the Issuer.
( 4 )On April 1, 2019, the Reporting Person was granted 106,112 options to purchase shares of Common Stock of the Issuer, with 25% of such options vesting on the first anniversary of the date of grant and the remainder vesting in equal quarterly installments over the succeeding three year period.
( 5 )On April 1, 2019, the Reporting Person was granted 25,706 RSUs, with 25% of such RSUs vesting on the first anniversary of the date of grant and the remainder vesting in equal quarterly installments over the succeeding three year period.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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