X0306 4 2014-03-26 0 0001196298 NEPHROS INC NEPH 0001179697 AMRON ARTHUR H C/O WEXFORD CAPITAL LP 411 WEST PUTNAM AVENUE GREENWICH CT 06830 1 0 0 0 Non Qualiffied Stock Option (right to buy) 0.46 2014-03-26 4 A 0 26598 0 A 2024-03-26 Common Stock 26598 26598 D On March 26, 2014, the Company granted an option to purchase 26,598 shares of common stock of the Company (the "Option") in respect of the service by Mr. Amron as a member of the Board of Directors of the Company. The Option was granted under the Company's 2004 Stock Incentive Plan. At the request ofn Mr. Amron, the Option was granted to Wexford Capital LP. The Option vested immediately upon the grant with respect to one-third of the shares. The remainder of the Option vests in equal annual installments on each of the first and second anniversaries if the grant date. Arthur H. Amron 2014-03-27