SEC Form 4 · accession 0001437749-17-008819
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin H Roche
Director
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 9:05 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,F2 | May 9, 2017 | A | 2,306 | $0.00 | A | 181,784 | D | |
| Common StockF3 | May 11, 2017 | S | 30,000 | $21.5286 | D | 151,784 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $21.68 | May 9, 2017 | A | 6,391 | A | — | May 7, 2024 | Common Stock | 6,391 | 6,391 | D |
Explanation of responses
- F1The restricted stock units will vest in full on the earlier of one year from the grant date or the date of the next year's annual meeting of the stockholders.
- F2The reported number of shares differs slightly from that previously reported as a result of the correction of a rounding error in connection with the Issuer's reverse stock split.
- F3Reflects the weighted average price of 30,000 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 11, 2017 with sale prices ranging from $21.40 to $21.77 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4The options will vest in full on the earlier of one year from the grant date or the date of the next year's annual meeting of the stockholders.