FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Kane William
2. Issuer Name and Ticker or Trading Symbol

Citius Pharmaceuticals, Inc. [ CTXR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O CITIUS PHARMACEUTICALS, INC., 11 COMMERCE DRIVE, 1ST FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

10/6/2020
(Street)

CRANFORD, NJ 07016
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Options to Purchase Common Stock (1)$1.01 10/6/2020  A   35000     (1)10/6/2030 Common Stock 35000 $0 35000 D  
Options to Purchase Common Stock (2)$1.39            (2)7/7/2030 Common Stock 25000  25000 D  
Options to Purchase Common Stock (3)$0.67            (3)10/8/2029 Common Stock 25000  25000 D  
Options to Purchase Common Stock (4)$1.62            (4)9/4/2028 Common Stock 15000  15000 D  
Options to Purchase Common Stock (5)$3.45            (5)9/13/2027 Common Stock 10000  10000 D  
Options to Purchase Common Stock (6)$0.015            (6)3/28/2024 Common Stock 12071  12071 D  
Options to Purchase Common Stock (7)$12            (7)6/23/2026 Common Stock 13334  13334 D  

Explanation of Responses:
(1) The options vest in full on October 6, 2021.
(2) The options vest in full on July 7, 2021.
(3) The options vest in full on October 8, 2020.
(4) The options vest in full on September 4, 2019.
(5) The options vest in full on September 13, 2018.
(6) The options vested in 1/3 increments over a three-year period with the first installment vesting on March 28, 2015.
(7) The options vested in full on the first anniversary of the date of grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Kane William
C/O CITIUS PHARMACEUTICALS, INC.
11 COMMERCE DRIVE, 1ST FLOOR
CRANFORD, NJ 07016
X



Signatures
/s/ Alexander M. Donaldson, by power of attorney10/8/2020
**Signature of Reporting PersonDate

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