0001161697-24-000150.txt : 20240315
0001161697-24-000150.hdr.sgml : 20240315
20240315162149
ACCESSION NUMBER: 0001161697-24-000150
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240313
FILED AS OF DATE: 20240315
DATE AS OF CHANGE: 20240315
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tharby Linda M
CENTRAL INDEX KEY: 0001621797
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39086
FILM NUMBER: 24755110
MAIL ADDRESS:
STREET 1: BECTON, DICKINSON AND COMPANY
STREET 2: 1 BECTON DRIVE
CITY: FRANKLIN LAKES
STATE: NJ
ZIP: 07417
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: KORU Medical Systems, Inc.
CENTRAL INDEX KEY: 0000704440
STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 133044880
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 100 CORPORATE DRIVE
CITY: MAHWAH
STATE: NJ
ZIP: 07430
BUSINESS PHONE: 845-469-2042
MAIL ADDRESS:
STREET 1: 100 CORPORATE DRIVE
CITY: MAHWAH
STATE: NJ
ZIP: 07430
FORMER COMPANY:
FORMER CONFORMED NAME: REPRO MED SYSTEMS INC
DATE OF NAME CHANGE: 19920703
4
1
form_4.xml
FORM 4 FOR 03-13-2024
X0508
4
2024-03-13
0
0000704440
KORU Medical Systems, Inc.
KRMD
0001621797
Tharby Linda M
C/O KORU MEDICAL SYSTEMS, INC.
100 CORPORATE DRIVE
MAHWAH
NJ
07430
1
1
0
0
President and CEO
0
Common Stock
2024-03-13
4
A
0
19681
2.09
A
1076537
D
Common Stock
2024-03-13
4
F
0
7094
2.09
D
1069443
D
Shares earned per her employment agreement for bonus of which 70% was paid in cash and 30% paid in shares of the Company's common stock.
Includes 200,000 in restricted stock awards that vest in 25% increments annually on 4/12/22,4/12/23, 4/12/24 and 4/12/25; 200,000 in restricted stock awards that vest based on a schedule of the Company's market capitalization prior to 3/15/27; 600,000 in restricted stock awards that vest based on a schedule of the Company's net sales growth targets for each of the fiscal years ended 12/31/22 through 12/31/25.
Represents shares of common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of common stock for the portion of the 2023 bonus paid out in equity
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. Power of Attorney has been previously filed.
/s/ Stephen Unger - Attorney-in-Fact
2024-03-15