SEC Form 4 · accession 0001437749-17-019677
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
Nov 17, 2017
Accepted (ET)
Nov 21, 2017 · 3:51 pm EST
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 | Nov 17, 2017 | M | 21,613 | $0.51 | A | 334,013 | D | |
| Common StockF3 | Nov 17, 2017 | S | 21,613 | $26.0295 | D | 312,400 | D | |
| Common Stock | Nov 20, 2017 | M | 18,387 | $0.51 | A | 330,787 | D | |
| Common StockF4 | Nov 20, 2017 | S | 18,387 | $28.1513 | 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)F5 | $0.51 | Nov 17, 2017 | M | 21,613 | D | — | Feb 26, 2018 | Common Stock | 21,613 | 66,682 | D |
| Employee Stock Option (right to buy)F5 | $0.51 | Nov 20, 2017 | M | 18,387 | D | — | Feb 26, 2018 | Common Stock | 18,387 | 48,295 | 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 21,613 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on November 17, 2017 with sale prices ranging from $25.71 to $26.37 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 18,387 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on November 20, 2017 with sale prices ranging from $27.81 to $28.60 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.
- F5Fully vested.