SEC Form 4 · accession 0001437749-16-039392
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zubeen Shroff
Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 3, 2016 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001027838
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 30, 2016 | A | 330 | $0.00 | A | 5,330 | D | |
| Common StockF2,F3 | holding | — | — | — | 4,743,633 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 62,055 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 30, 2016, the reporting person was granted 330 restricted stock units ("RSUs") in lieu of cash compensation of $6,182.00 pursuant to Tactile System's Technology, Inc.'s Non-Employee Director Compensation Policy. The RSUs are 100% immediately vested and may only be settled in shares of common stock on a one-for-one basis.
- F2Includes 4,370,430 shares held of record by Galen Partners V, L.P. ("Galen V"), and 373,203 shares held of record by Galen Partners International V, L.P. ("Galen International V").
- F3Galen Partners V, L.L.C. serves as the sole general partner of Galen V and Galen International V and has sole voting and investment control over the shares held by such funds and may be deemed to beneficially own the shares held by such funds. Each of the Reporting Person disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
- F4The shares are held of record by Galen Management, LLC ("Galen Management").