SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
CANO CHRISTOPHER

(Last) (First) (Middle)
2600 VIA FORTUNA, SUITE 360

(Street)
AUSTIN TX 78746

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/24/2020
3. Issuer Name and Ticker or Trading Symbol
TFF Pharmaceuticals, Inc. [ TFFP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (1) 02/01/2029 Common Stock 8,500 2.5 D
Stock Option (Right to Buy) (2) 12/19/2029 Common Stock 30,000 5.16 D
Stock Option (Right to Buy) (3) 06/24/2030 Common Stock 30,000 5.81 D
Stock Option (Right to Buy) (4) 08/23/2030 Common Stock 10,000 13.65 D
Stock Option (Right to Buy) (5) 09/10/2030 Common Stock 78,500 14.06 D
Explanation of Responses:
1. 3,187 shares have vested on August 1, 2020 and the remainder of shares scheduled to vest at an approximate rate of 531 every three months thereafter.
2. Each Option shall vest and first become exercisable as follows: one quarter of the Option shall vest and first become exercisable on December 20, 2020 and the remainder of the Option shall vest and become exercisable in 12 equal quarterly installments commencing on March 20, 2021.
3. Each Option shall vest and first become exercisable as follows: one quarter of the Option shall vest and first become exercisable on June 25, 2021 and the remainder of the Option shall vest and become exercisable in 12 equal quarterly installments commencing on September 25, 2021.
4. Each Option shall vest and first become exercisable as follows: one quarter of the Option shall vest and first become exercisable on August 24, 2021 and the remainder of the Option shall vest and become exercisable in 12 equal quarterly installments commencing on November 24, 2021.
5. Each Option shall vest and first become exercisable as follows: one quarter of the Option shall vest and first become exercisable on September 11, 2021 and the remainder of the Option shall vest and become exercisable in 12 equal quarterly installments commencing on December 11, 2021.
/s/Christopher Cano 09/29/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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