Form Type: 4

SEC EDGAR Link
Accession Number:0001144204-14-053100
Date:2014-08-26
Issuer: CYTOSORBENTS CORP (CTSO)
Original Submission Date:

Reporting Person:

GUNTON JAMES T.
C/O CYTOSORBENTS CORPORATION
7 DEER PARK DRIVE, SUITE K MONMOUTH JUNCTION, NJ 08852

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2014-08-18 C 3,106,988 a $0.00 3,106,988 indirect f2
COMMON STOCK 2014-08-26 S 1,000,000 d $0.24 2,106,988 indirect f2
COMMON STOCK 2014-08-27 S 360,000 d $0.24 1,746,988 indirect f2
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
SERIES B CONVERTIBLE PREFERRED STOCK 0.0 2014-08-18 deemed execution date C 1,125 (d) common stock 3,106,988 $0.00 39,091 indirect by partnership
Footnotes
IDfootnote
f1 each share of series b preferred stock has a stated value of $100.00, is convertible at the holder's option into that number of shares of common stock equal to the series b stated value at a conversion price of $0.0362, and has no expiration date.
f2 these securities are held directly by njtc investment fund, lp, of which the reporting person is a partner. the reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of section 16 of the securities and exchange act of 1934, as amended, or any other purpose.
f3 the price in column 4 is a weighted average price. the prices actually received by the reporting person in this transaction range from $0.237 to $0.25.
f4 the reporting person has provided to the issuer, and the issuer will provide to any security holder of the issuer or the sec staff, upon request, information regarding the number of shares sold at each price within the range reported.
f5 the price in column 4 is a weighted average price. the prices actually received by the reporting person in this transaction range from $0.24 to $0.25.
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