iSpecimen (ISPC) Form 3 iSpecimen / Jill Mullan ownership change

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^*

Mullan Jill

(Last) (First) (Middle)

C/O ISPECIMEN INC.

450 BEDFORD STREET

(Street)

LEXINGTON MA 02420

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/16/2021

3. Issuer Name and Ticker or Trading Symbol
iSpecimen Inc. [ ISPC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
COO, Secretary, Treasurer

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)
Common Stock	43,316	D

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
Series A Preferred Stock	(1)	(1)	Common Stock	6,250	(1)	D
Option	(2)	07/12/2029	Common Stock	65,792	1	D
Option	(3)	06/29/2026	Common Stock	19,296	1	D
Option	(4)	01/31/2029	Common Stock	4,508	1	D
Bridge Note	(5)	06/30/2021	Common Stock	76,642	5.6	D

Explanation of Responses:

1. The preferred stock will automatically convert into shares of common stock upon the closing of the Issuer's initial public offering (the "IPO") and has no expiration date.

2. Represents options granted on July 13, 2019 under the Issuer's 2010 Stock Incentive Plan, which were fully vested as of July 14, 2019

3. Represents options granted on June 30, 2016 under the Issuer's 2013 Stock Incentive Plan, which were fully vested on June 30, 2019.

4. Represents options granted on February 1, 2019 under the Issuer's 2013 Stock Incentive Plan, 25% of which was subject to a one-year cliff with the remaining 75% vested/to be vested quarterly over three years. The vesting commence date is February 1, 2019.

5. The Bridge Note has a maturity date of June 30, 2021 and will automatically convert into 76,642 shares common stock at $8.00 upon the closing of the IPO.

	/s/ Jill Mullan	06/17/2021
	** 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).
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