Manuel A. Marques - Dec 15, 2021 Form 4 Insider Report for REPRO MED SYSTEMS INC (KRMD)

Role
Chief Operating Officer
Signature
/s/ Manuel A. Marques
Stock symbol
KRMD
Transactions as of
Dec 15, 2021
Transactions value $
$31,250
Form type
4
Date filed
12/16/2021, 03:06 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRMD Common Stock Options Exercise $31.3K +62.5K +16.42% $0.50* 443K Dec 15, 2021 Direct F1, F2

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 KRMD Options to Purchase Common Stock Options Exercise $0 -62.5K -50% $0.00 62.5K Dec 15, 2021 Common Stock 62.5K $0.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the payment of the exercise price of stock options through the delivery of previously owned shares to the issuer.
F2 The price is equal to the Fair Market Value of the Common Stock, as defined in the stock option award agreements, and is used to determine the value of the shares delivered to the issuer in payment of the exercise price.
F3 Options vest in 15,625 increments quarterly.

Remarks:

The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.