CUSIP No. 124769 20 9
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SCHEDULE 13D
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Page 2 of 7 Pages
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1.
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NAMES OF REPORTING PERSONS
Thomas M. Patton
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [__]
(b) [ X ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
PF, OO
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5.
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
[__]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
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7.
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SOLE VOTING POWER
663,962
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8.
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SHARED VOTING POWER
0
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9.
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SOLE DISPOSITIVE POWER
663,962
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10.
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SHARED DISPOSITIVE POWER
32,500
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
696,462
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12.
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
[__]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
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14.
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TYPE OF REPORTING PERSON (see instructions)
IN
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CUSIP No. 124769 20 9
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SCHEDULE 13D
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Page 3 of 7 Pages
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·
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on August 27, 2010, the Reporting Person was granted 250,000 shares of restricted common stock of CASMED; such restricted shares vest over a period of four (4) years from date of grant in the following manner – 20,833 shares vested as of December 30, 2010 and the remaining shares vest on the first day following the end of each calendar quarter beginning with April 1, 2011 and continuing each July 1st, October 1st, January 1st, and April 1st thereafter until October 1, 2014. At each quarterly vesting date, 15,625 shares will vest except for October 1, 2014 at which time 10,417 shares will vest provided that Mr. Patton is still employed with the Company.
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·
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on August 27, 2010, the Reporting Person was also granted 150,000 shares of restricted common stock the vesting of which will occur on the earlier of the following – (i) upon the Company’s stock price meeting or exceeding an average of $4.15 per share for sixty consecutive trading days based upon the daily closing price of the primary market in which the common stock is traded, or (ii) a change in control subject to certain conditions.
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CUSIP No. 124769 20 9
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SCHEDULE 13D
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Page 4 of 7 Pages
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·
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on August 27, 2010, the Reporting Person was issued options to purchase 350,000 shares of the Common Stock of the Company, pursuant to a Stock Option Agreement with the Company, at an exercise price of $2.10 per share, the closing price of the common stock on the Nasdaq Stock Market upon the effective date of the agreement. Such stock options vest in equal monthly installments over a period of four years from date of grant.
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·
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on December 8, 2011, the Reporting Person was issued options to purchase 100,000 shares of the Common Stock of the Company, pursuant to a Stock Option Agreement with the Company, at an exercise price of $1.69 per share, the closing price of the common stock on the Nasdaq Stock Market upon the effective date of the agreement. Such stock options vest in four equal annual installments from the date of grant.
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·
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on November 19, 2010, the Reporting Person made an open market purchase of 20,000 shares of the Common Stock of the Company at a price of $2.80 per share for aggregate consideration paid in cash by the Reporting Person of $56,000;
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·
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on November 19, 2010, the Reporting Person made an open market purchase of 2,900 shares of the Common Stock of the Company at a price of $2.95 per share for aggregate consideration paid in cash by the Reporting Person of $8,555;
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·
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on November 22, 2010, the Reporting Person made an open market purchase of 5,400 shares of the Common Stock of the Company at a price of $2.85 per share for aggregate consideration paid in cash by the Reporting Person of $15,390;
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·
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on December 2, 2010, the Reporting Person purchased, in a private transaction with an individual shareholder of the Company, 30,000 shares of the Common Stock of the Company at a price of $2.90 per share for aggregate consideration paid in cash by the Reporting Person of $87,000;
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·
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on December 7, 2010, the Reporting Person purchased, in a private transaction with an individual shareholder of the Company, 20,000 shares of the Common Stock of the Company, which shares the Reporting Person has shared dispositive power over and are held in a relative’s Individual Retirement Account, at a price of $2.90 per share for aggregate consideration paid in cash by the Reporting Person of $58,000;
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·
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on August 16, 2011, the Reporting Person made an open market purchase of 5,000 shares of the Common Stock of the Company at a price of $2.9464 per share for aggregate consideration paid in cash by the Reporting Person of $14,732;
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·
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on August 24, 2011, the Reporting Person made an open market purchase of 2,400 shares of the Common Stock of the Company at a price of $2.615 per share for aggregate consideration paid in cash by the Reporting Person of $6,276;
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·
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on August 25, 2011, the Reporting Person made an open market purchase of 3,419 shares of the Common Stock of the Company at a price of $2.656 per share for aggregate consideration paid in cash by the Reporting Person of $9,080.86;
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CUSIP No. 124769 20 9
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SCHEDULE 13D
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Page 5 of 7 Pages
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·
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on September 1, 2011, the Reporting Person made an open market purchase of 5,000 shares of the Common Stock of the Company at a price of $2.80 per share for aggregate consideration paid in cash by the Reporting Person of $14,000;
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·
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on November 18, 2011, the Reporting Person made an open market purchase of 18,900 shares of the Common Stock of the Company in multiple transactions at a weighted average price of $1.796 per share for aggregate consideration paid in cash by the Reporting Person of approximately $33,944.40;
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·
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on November 21, 2011, the Reporting Person made an open market purchase of 10,526 shares of the Common Stock of the Company in multiple transactions at a weighted average price of $1.749 per share for aggregate consideration paid in cash by the Reporting Person of approximately $18,409.97;
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·
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on November 21, 2011, the Reporting Person made an open market purchase of 12,500 shares of the Common Stock of the Company, which shares the Reporting Person has shared dispositive power over and are held in a relative’s Individual Retirement Account, in multiple transactions at a weighted average price of $1.7488 per share for aggregate consideration paid in cash by the Reporting Person of approximately $21,860.
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CUSIP No. 124769 20 9
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SCHEDULE 13D
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Page 6 of 7 Pages
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CUSIP No. 124769 20 9
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SCHEDULE 13D
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Page 7 of 7 Pages
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Dated: May 2, 2012
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/s/ Thomas M. Patton | |
Thomas M. Patton
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