4 1 file001.txt FORM 4 -------- | FORM 4 | -------- ------------------------------ OMB APPROVAL [ ] CHECK THIS BOX IF NO LONGER SUBJECT ------------------------------ TO SECTION 16. FORM 4 OR FORM 5 OMB Number: 3235-0287 OBLIGATIONS MAY CONTINUE. See Expires: January 31, 2005 INSTRUCTION 1(b). Estimated average burden hours per response.........0.5 ------------------------------ 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 (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Anderson Kenneth F -------------------------------------------------------------------------------- (Last) (First) (Middle) 350 Corporate Blvd. -------------------------------------------------------------------------------- (Street) Robbinsville NJ 08691 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name AND Ticker or Trading Symbol NexMed, Inc. (NEXM) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ________________________________________________________________________________ 4. Statement for Month/Day/Year December 3, 2002 December 16, 2002 December 31, 2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |_| Director |_| 10% Owner |X| Officer (give title below) |_| Other (specify below) Vice President, Commercial Development ____________________________________________________________________ ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) |X| Form Filed by One Reporting Person |_| Form Filed by More than One Reporting Person ________________________________________________________________________________ ================================================================================ TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ================================================================================
5. Amount of 6. 4. Securities Owner- 2A. Securities Acquired (A) or Beneficially ship 2. Deemed 3. Disposed of (D) Owned Form: 7. Trans- Execution Transaction (Instr. 3, 4 and 5) Following Direct Nature of action Date, if Code ------------------------------- Reported (D) or Indirect 1. Date any (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security (Month/ (Month/ ------------ or (Instr. 3 (I) Ownership (Instr. 3) Day/Year) Day/Year) Code V Amount (D) Price and 4) (Instr.4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/3/02 A 16,145(1) A $0.55 16,145 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== 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). PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT (Over) REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. SEC 1474 (9-02)
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ================================================================================
9. Number 10. of Owner- deriv- ship ative Form 2. 5. Secur- of Conver- Number of 7. ities Deriv- 11. sion Derivative Title and Amount Bene- ative Nature or 4. Securities 6. of Underlying 8. ficially Secur- of Exer- 3A. Trans- Acquired (A) Date Securities Price Owned ity In- cise Deemed action or Disposed Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price 3. Execut- Code of (D) Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of Trans- ion (Instr. (Instr. 3, (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- action Date if 8) 4 and 5) ---------------- or Secur- Trans- direct Owner- Derivative ative Date any Date Expira- Number ity action(s) (I) ship Security Secur- (Month/ (Month/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Day/Year)Day/Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Stock $3.00 12/31/02 A 20,000 (2) 12/13/11 Common 20,000 $3.00 25,000 D Options Stock ------------------------------------------------------------------------------------------------------------------------------------ Stock $0.70 12/16/02 A 45,000 (3) 12/16/12 Common 45,000 $0.70 45,000 D Options Stock ------------------------------------------------------------------------------------------------------------------------------------ Stock $0.55 12/3/02 A 64,582 (1) 12/3/12 Common 64,582 $0.55 64,582 D Options Stock ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
EXPLANATION OF RESPONSES: (1) On December 3, 2002, the Board of Directors approved employee retention packages for 2003, which consisted of 20% in shares of the Company's common stock and 80% in options to purchase shares of its common stock for certain of its employees. The total number of shares of common stock and stock options is based on a specific percentage of the employee's 2002 base salary divided by $0.55 per share. The shares of common stock vest on April 1, 2003 and the stock options vest on July 1, 2003, assuming continuous and uninterrupted employment with the Company. (2) On December 13, 2001, the Company approved a stock grant to Kenneth F. Anderson for an aggregate of 25,000 stock options, which vest in five equal installments of 5,000 options each on December 31, 2001, 2002, 2003, 2004, and 2005, respectively, assuming continuous and uninterrupted employment with the Company. (3) On December 16, 2002, the Compensation Committee of the Board of Directors approved a stock option grant to Kenneth F. Anderson for an aggregate of 45,000 stock options, which vest in three equal installments of 15,000 options each on December 16, 2003, 2004 and 2005, assuming continuous and uninterrupted employment with the Company. The final grant of the stock options is subject to the execution of an employment contract between Mr. Anderson and the Company. /S/ VIVIAN H. LIU, ATTORNEY-IN-FACT 12/18/02 --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2