electroCore, Inc. — Director's Dealing 2019

Apr 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: electroCore, Inc. (ECOR)
CIK: 0001560258
Period of Report: 2019-04-01

Reporting Person: Errico Joseph P (Director, See Remarks, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-01	Common Stock	S	10408	$6.97	Disposed	571941	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-01	Stock Option (Right to Buy)	$6.72	A	106112	Acquired	2029-04-01	Common Stock (106112)	Direct
2019-04-01	Restricted Stock Units	$0.00	A	25706	Acquired		Common Stock (25706)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	69444	Indirect
Common Stock	55729	Indirect
Common Stock	111318	Indirect
Common Stock	46378	Indirect
Common Stock	406566	Indirect
Common Stock	24779	Indirect
Common Stock	40280	Indirect
Common Stock	382607	Indirect

Footnotes

F1: These shares were sold pursuant to the Reporting Person's written trading plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.55 to $7.08 per share. The Reporting Person undertakes to provide to electroCore, Inc., any security holder of electroCore, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold by it at each separate price on April 1, 2019.

F3: Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock of the Issuer.

F4: On April 1, 2019, the Reporting Person was granted 106,112 options to purchase shares of Common Stock of the Issuer, with 25% of such options vesting on the first anniversary of the date of grant and the remainder vesting in equal quarterly installments over the succeeding three year period.

F5: On April 1, 2019, the Reporting Person was granted 25,706 RSUs, with 25% of such RSUs vesting on the first anniversary of the date of grant and the remainder vesting in equal quarterly installments over the succeeding three year period.