| Accession Number: | 0001437749-21-028762 |
| Date: | 2021-12-14 |
| Issuer: | CELSION CORP (CLSN) |
| Original Submission Date: |
KARDARAS CONSTANTINE JOHN
C/O CELSION CORPORATION
997 LENOX DRIVE, SUITE 100
LAWRENCEVILLE, NJ 08648
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| CELSION CORPORATION COMMON STOCK | 2021-12-14 | A | 10,000 | a | $0.00 | 10,000 | direct |
| 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 Exercisable | Expiration 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 |
| ID | footnote |
|---|---|
| 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. |
