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If such  milestones are met prior to 12/31/18, then the option will not vest until 12/31/18. The option will be forfeited if such milestones are not met by 10/3/2020."}],"balance_after":300000,"derivative":{"exercise_price":2.52,"expiration_date":"2026-10-03","underlying":"Common Stock","underlying_shares":300000},"source":{"system":"sec-edgar","filing":"0001354488-16-008364","document":"issuerdirect_section16.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1686223/000135448816008364/issuerdirect_section16.xml","form_type":"4"}},{"id":4584534,"issuer":{"id":5280,"kind":"organization","name":"CorMedix Inc."},"owners":[{"id":28258,"kind":"person","name":"Baluch Khoso","position":1,"cik":"0001686223","reported_name":"Baluch Khoso","relationship":{"director":true,"officer":true,"officer_title":"Chief Executive Officer"}}],"security":"Stock Option (right to buy)","published_at":"2016-10-05T20:50:59.000Z","date":"2016-10-03","kind":"grant","acquired":true,"shares":300000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"The option vests on the date the Company?s common stock attains an average closing price over any period of 30 consecutive trading days equal to or greater than 2.75 times the closing price per share on the lesser of  9/23/16 or 10/3/16 (the ?Stock Price Condition\"); provided, that if the Stock Price Condition is met prior to 12/31/18 then the option will not vest until 12/31/18. The option will be forfeited (i) if the stock price on 12/31/18 is below the closing price per share on the lesser of 9/23/16 or 10/3/16, or (ii) if the Stock Price Condition is not met by 10/3/2020."}],"balance_after":300000,"derivative":{"exercise_price":2.52,"expiration_date":"2026-10-03","underlying":"Common Stock","underlying_shares":300000},"source":{"system":"sec-edgar","filing":"0001354488-16-008364","document":"issuerdirect_section16.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1686223/000135448816008364/issuerdirect_section16.xml","form_type":"4"}},{"id":4584533,"issuer":{"id":5280,"kind":"organization","name":"CorMedix Inc."},"owners":[{"id":28258,"kind":"person","name":"Baluch Khoso","position":1,"cik":"0001686223","reported_name":"Baluch Khoso","relationship":{"director":true,"officer":true,"officer_title":"Chief Executive Officer"}}],"security":"Stock Option (right to buy)","published_at":"2016-10-05T20:50:59.000Z","date":"2016-10-03","kind":"grant","acquired":true,"shares":1250000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"The option vests as follows:  25% on 10/3/2017, 25% on 10/3/2018, 25% on 10/3/2019, and 25% on 10/3/2020."}],"balance_after":1250000,"derivative":{"exercise_price":2.52,"expiration_date":"2026-10-03","underlying":"Common Stock","underlying_shares":1250000},"source":{"system":"sec-edgar","filing":"0001354488-16-008364","document":"issuerdirect_section16.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1686223/000135448816008364/issuerdirect_section16.xml","form_type":"4"}}]}