X0306 4 2016-12-05 0001196298 NEPHROS INC NEPH 0001411726 Evans Daron C/O NEPHROS, INC. 41 GRAND AVENUE RIVER EDGE NJ 07661 1 1 0 0 President and CEO Common Stock 2016-12-05 4 P 0 4600 .3399 A 329339 D Common Stock 2016-12-05 4 P 0 6020 .34 A 335359 D Stock Option (Right to Buy) .46 2024-03-26 Common Stock 75361 75361 D Stock Option (Right to Buy) .60 2025-04-15 Common Stock 764468 764468 D Common Stock Warrants (Right to Buy) .30 2016-06-03 2021-06-03 Common Stock 40000 40000 I By PoC Capital, LLC Common Stock Warrants (Right to Buy) .30 2016-06-03 2021-06-03 Common Stock 10000 10000 I By UTMA #1 Common Stock Warrants (Right to Buy) .30 2016-06-03 2021-06-03 Common Stock 10000 10000 I By UTMA #2 Fully exercisable. On 4/15/2015, the Reporting Person was granted an option to purchase up to 2,184,193 shares of common stock of the Company. 35% of the shares subject to the option (relating to a total of 764,468 shares) vest quarterly in 16 equal amounts, commencing on 6/30/2015. 15% of the shares subject to the option will vest, if ever, upon the listing of the Company's common stock on NASDAQ, NYSE, or such other exchange as the Board may later determine. The remaining 50% of the shares subject to the option will vest, if ever, upon the Company's achievement of certain annual revenue milestones as specified in that certain Employment Agreement dated 4/15/2015 between the Reporting Person and the Company. The reporting person is a managing director of the LLC that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. /s/ Daron Evans 2016-12-06