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ELTP Elite Pharmaceuticals Inc (QB)

0.134
-0.001 (-0.74%)
Last Updated: 16:02:49
Delayed by 15 minutes
Share Name Share Symbol Market Type
Elite Pharmaceuticals Inc (QB) USOTC:ELTP OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.001 -0.74% 0.134 0.1285 0.135 0.135 0.1294 0.135 225,956 16:02:49

Statement of Changes in Beneficial Ownership (4)

07/07/2021 10:01pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Bregman Marc
2. Issuer Name and Ticker or Trading Symbol

ELITE PHARMACEUTICALS INC /NV/ [ ELTP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CFO, Secretary, Treasurer
(Last)          (First)          (Middle)

C/O ELITE PHARMACEUTICALS, INC., 165 LUDLOW AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/17/2021
(Street)

NORTHVALE, NJ 07647
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Options $0.0562 5/17/2021  A   300000 (1)   5/17/2022 (2)5/17/2031 Common Stock 300000 $0.0562 300000 D  

Explanation of Responses:
(1) Options were awarded by the Board of Directors as part of Mr. Bregman's employment agreement.
(2) The options will vest over a three-year period, commencing one year from the date of issuance. The first third will vest on May 17, 2022

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Bregman Marc
C/O ELITE PHARMACEUTICALS, INC.
165 LUDLOW AVENUE
NORTHVALE, NJ 07647


CFO, Secretary, Treasurer

Signatures
Marc Bregman7/7/2021
**Signature of Reporting PersonDate

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1 Year Elite Pharmaceuticals (QB) Chart

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