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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 6/1/20 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1074871 |
| Issuer Name: Modular Medical, Inc. |
| Issuer Trading Symbol: MODD |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1506126 |
| | Owner Name: DiPerna Paul |
| Reporting Owner Address: |
| | Owner Street 1: C/O MODULAR MEDICAL, INC. |
| | Owner Street 2: 16772 W BERNARDO DRIVE |
| | Owner City: SAN DIEGO |
| | Owner State: CA |
| | Owner ZIP Code: 92127 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: See Remarks |
| | Other Text: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Option to purchase common stock |
| | | Footnote ID: F1 |
| | Conversion or Exercise Price: |
| | | Value: 3.16 |
| | Transaction Date: |
| | | Value: 6/1/20 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 3,465 |
| | | Transaction Price Per Share: |
| Value: 3.16 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Value: 6/1/20 |
| | Expiration Date: |
| | | Value: 6/1/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 3,465 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 10,476 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: The option was fully vested and exercisable on the grant date, in accordance with the terms of an employment agreement between the Issuer and Mr. DiPerna. |
| Footnote - F2: In accordance with Instruction 4 to this Form, column 9 reports only total beneficial ownership of the "class" of derivative security reported in column 1. Options that have different exercise prices or vesting terms are not considered to be of the same "class." As a result of the grant reported herein, the Reporting Person currently has aggregate options to purchase a total of 451,013 shares of the Issuer. |
| Remarks: Title: Chairman, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer |
| Owner Signature: |
| Signature Name: /s/ Paul DiPerna |
| Signature Date: 6/3/20 |
