SEC Form 4 · accession 0001437749-17-014830
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
Aug 11, 2017
Accepted (ET)
Aug 15, 2017 · 5:32 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 Stock | Aug 11, 2017 | M | 15,485 | $0.51 | A | 327,885 | D | |
| Common StockF3 | Aug 11, 2017 | S | 14,985 | $30.6665 | D | 312,900 | D | |
| Common StockF4 | Aug 11, 2017 | S | 500 | $31.248 | D | 312,400 | D | |
| Common Stock | Aug 14, 2017 | M | 14,515 | $0.51 | A | 326,915 | D | |
| Common StockF5 | Aug 14, 2017 | S | 2,100 | $31.3138 | D | 324,815 | D | |
| Common StockF6 | Aug 14, 2017 | S | 9,790 | $32.3368 | D | 315,025 | D | |
| Common StockF7 | Aug 14, 2017 | S | 2,625 | $33.0063 | 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)F8 | $0.51 | Aug 11, 2017 | M | 15,485 | D | — | Feb 26, 2018 | Common Stock | 15,485 | 102,810 | D |
| Employee Stock Option (right to buy)F8 | $0.51 | Aug 14, 2017 | M | 14,515 | D | — | Feb 26, 2018 | Common Stock | 14,515 | 88,295 | D |
Explanation of responses
- F1Stock option exercise effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2017
- 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 14,985 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 11, 2017 with sale prices ranging from $30.18 to $31.15 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 500 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 11, 2017 with sale prices ranging from $31.19 to $31.28 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 2,100 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 14, 2017 with sale prices ranging from $30.74 to $31.74 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.
- F6Reflects the weighted average price of 9,790 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 14, 2017 with sale prices ranging from $31.81 to $32.77 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.
- F7Reflects the weighted average price of 2,625 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 14, 2017 with sale prices ranging from $32.83 to $33.29 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.
- F8Fully vested.