Form 4 for IRMD IRADIMED CORP
Accepted 2021-12-09 00:00:00 ET · period of report 2021-12-07 · accession 0000898432-21-000770 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-12-09 | 2021-12-07 | IRMD | Scott Christopher K. | CFO, Sec | M - OptEx | — | +4,307 | 34.1K | +14% | — |
| DM | 2021-12-09 | 2021-12-07 | IRMD | Scott Christopher K. | CFO, Sec | F - Tax | $48.27 | -1,696 | 31.3K | -5% | -$81.9K |
| DM | 2021-12-09 | 2021-12-07 | IRMD | Scott Christopher K. | CFO, Sec | M - OptEx | $0.00 | -4,307 | 5,463 | -44% | $0 |
| DM | 2021-12-09 | 2021-12-07 | IRMD | Scott Christopher K. | CFO, Sec | A - Grant | $0.00 | +8,286 | 4,143 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-12-07 | M | A | 1,575 | — | 31,960 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2021-12-07 | F | D | 1,076 | $48.27 | 32,996 | D | — | — | |
| 3 | Common | Common Stock | 2021-12-07 | M | A | 2,732 | — | 34,072 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2021-12-07 | F | D | 620 | $48.27 | 31,340 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2021-12-07 | M | D | 1,575 | $0.00 | 1,575 | D | — · — to — | 1,575 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On December 7, 2019, The reporting person received restricted stock units under Iradimed Corporation's 2014 Equity Incentive Plan. The restricted stock units vest in four equal annual installments beginning on December 7, 2020. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. |
| 6 | Derivative | Performance-Based Restricted Stock Units | 2021-12-07 | A | A | 4,143 | $0.00 | 4,143 | D | — · — to — | 4,143 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Iradimed Corporation's common stock. (F5) If the relative measure at December 7, 2024 and for the three-year period then ended is: (i) less than or equal to 80% of the peer group, no vesting would occur, (ii) between 80% and 100% of the peer group, the number of shares vesting would be pro-rata against the nominal granted shares, (iii) equal to 100% of the peer group, the number of shares vesting would be the nominal granted shares, (iv) between 100% and 120% of the peer group, the number of shares vesting would be pro-rata against an additional tranche of nominal granted shares plus the nominal granted shares, and (v) if 120% or greater of the peer group, the number of shares vesting will be double the nominal granted shares. (F4) The reporting person received performance-based restricted stock units ("PRSUs") under Iradimed Corporation's 2014 Equity Incentive Plan. Vesting of these PRSUs depends on the reporting person's achievement of a specified relative ranking of total stockholder return over a three-year period from December 8, 2021 through December 7, 2024. (F6) Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of PRSUs that have vested. |
| 7 | Derivative | Restricted Stock Units | 2021-12-07 | A | A | 4,143 | $0.00 | 4,143 | D | — · — to — | 4,143 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Iradimed Corporation's common stock. (F3) The reporting person received restricted stock units under Iradimed Corporation's 2014 Equity Incentive Plan. The restricted stock units vest in full on the third anniversary of the grant date, December 7, 2024. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. |
| 8 | Derivative | Restricted Stock Units | 2021-12-07 | M | D | 2,732 | $0.00 | 5,463 | D | — · — to — | 2,731 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F8) On December 7, 2020, The reporting person received restricted stock units under Iradimed Corporation's 2014 Equity Incentive Plan. The restricted stock units vest in four equal annual installments beginning on December 7, 2021. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. |