SEC Form 4 · accession 0001437749-17-009921
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald R. Mattys
Officer — Chief Executive Officer · Director
Period of report
May 19, 2017
Accepted (ET)
May 23, 2017 · 5:00 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 | May 19, 2017 | M | 20,000 | $0.51 | A | 332,400 | D | |
| Common StockF3 | May 19, 2017 | S | 6,685 | $23.2834 | D | 325,715 | D | |
| Common StockF4 | May 19, 2017 | S | 8,056 | $24.0298 | D | 317,659 | D | |
| Common StockF5 | May 19, 2017 | S | 5,259 | $24.8575 | D | 312,400 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F6 | $0.51 | May 19, 2017 | M | 20,000 | D | — | Feb 26, 2018 | Common Stock | 20,000 | 118,294 | D |
Explanation of responses
- F1Includes 5,000 shares acquired on May 15, 2017 pursuant to the issuer's employee stock purchase plan.
- F2Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2017.
- F3Reflects the weighted average price of 6,685 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 19, 2017 with sale prices ranging from $22.56 to $23.56 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.
- F4Reflects the weighted average price of 8,056 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 19, 2017 with sale prices ranging from $23.57 to $24.51 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.
- F5Reflects the weighted average price of 5,259 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 19, 2017 with sale prices ranging from $24.59 to $25.02 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.
- F6Fully vested.