Form 4 for VCEL Vericel Corp
Accepted 2022-04-29 00:00:00 ET · period of report 2022-04-27 · accession 0001593968-22-000893 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-04-29 | 2022-04-27 | VCEL | ZERBE ROBERT L MD | Dir | M - OptEx | — | +2,600 | 4,350 | +149% | — |
| D | 2022-04-29 | 2022-04-27 | VCEL | ZERBE ROBERT L MD | Dir | M - OptEx | — | -2,600 | 0 | -100% | — |
| DM | 2022-04-29 | 2022-04-27 | VCEL | ZERBE ROBERT L MD | Dir | A - Grant | $0.00 | +9,100 | 6,500 | 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 | 2022-04-27 | M | A | 2,600 | — | 4,350 | D | — | — | (F1) The Restricted Stock Units (RSUs) converted to phantom stock units and are deferred under the Company's Non-Employee Directors' Deferred Compensation Program. The units will be payable only in shares of Common Stock after the end of the Reporting Person's service on the Company's Board of Directors. (F2) Upon the vesting of RSUs granted to the Reporting Person on April 28, 2021, the Reporting Person deferred the receipt of 2,600 shares of Common Stock and instead received 2,600 shares of Phantom Stock pursuant to the Company's Non-Employee Directors' Deferred Compensation Program. |
| 2 | Derivative | Restricted Stock Unit | 2022-04-27 | M | D | 2,600 | — | 0 | D | — · — to — | 2,600 Common Stock | (F2) Upon the vesting of RSUs granted to the Reporting Person on April 28, 2021, the Reporting Person deferred the receipt of 2,600 shares of Common Stock and instead received 2,600 shares of Phantom Stock pursuant to the Company's Non-Employee Directors' Deferred Compensation Program. (F3) Each RSU represents a contingent right to receive one share of common stock of Vericel Corporation. (F4) These RSUs vest 100% on the earlier of April 28, 2022 or the date of the first Annual Meeting of Stockholders following April 28, 2021. The first Annual Meeting of Stockholders occurred on April 27, 2022. (F5) No expiration date for this type of award. |
| 3 | Derivative | Restricted Stock Unit | 2022-04-27 | A | A | 2,600 | $0.00 | 2,600 | D | — · — to — | 2,600 Common Stock | (F3) Each RSU represents a contingent right to receive one share of common stock of Vericel Corporation. (F6) These RSUs vest 100% on the earlier of April 27, 2023 or the date of the first Annual Meeting of Stockholders following April 27, 2022. Vested shares will be delivered to the Reporting Person following termination of service on the Company's Board of Directors. (F5) No expiration date for this type of award. |
| 4 | Derivative | Stock Option (right to buy) | 2022-04-27 | A | A | 6,500 | $0.00 | 6,500 | D | $31.99 · — to 2032-04-27 | 6,500 Common Stock | (F7) The option vests over a 1-year period, in equal monthly increments, contingent upon continued service to the Company. |