Form Type: 4

SEC EDGAR Link
Accession Number:0001437749-21-028762
Date:2021-12-14
Issuer: CELSION CORP (CLSN)
Original Submission Date:

Reporting Person:

KARDARAS CONSTANTINE JOHN
C/O CELSION CORPORATION
997 LENOX DRIVE, SUITE 100 LAWRENCEVILLE, NJ 08648

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
CELSION CORPORATION COMMON STOCK 2021-12-14 A 10,000 a $0.00 10,000 direct
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
OPTION TO PURCHASE CELSION CORPORATION COMMON STOCK 0.63 2021-12-14 deemed execution date A 35,000 (a) 2022-12-14 2031-12-14 celsion corporation common stock 35,000 $0.63 35,000 direct
Footnotes
IDfootnote
f1 stock grant award which will vest on the first anniversary of hire date (december 6, 2022). fair value of the stock award is $0.63 per share based on the closing price of celsion common stock the award date.
f2 the options vest as follows: 1/3 on the one year anniversary of the date of grant; 1/3 on the second year anniversary of the date of grant; and 1/3 on the third year anniversary of the date of grant.
f3 represents the per share fair value of the common stock based on the closing price of a share of celsion common stock on the date of the award.

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