SEC Form 4 · accession 0001437749-17-020782
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jordan Davis
Director
Period of report
Dec 13, 2017
Accepted (ET)
Dec 15, 2017 · 4:18 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 StockF1,F2 | Dec 13, 2017 | S | 3,095 | $29.5224 | D | 100,160 | I | By Radius Venture Partners III (Ohio), LP |
| Common StockF1,F3 | Dec 13, 2017 | S | 24,645 | $29.5224 | D | 797,502 | I | By Radius Venture Partners III QP, LP |
| Common StockF1,F4 | Dec 13, 2017 | S | 2,260 | $29.5224 | D | 73,136 | I | By Radius Venture Partners III LP |
| Common StockF5,F2 | Dec 14, 2017 | S | 1,032 | $29.5321 | D | 99,128 | I | By Radius Venture Partners III (Ohio), LP |
| Common StockF5,F3 | Dec 14, 2017 | S | 8,215 | $29.5321 | D | 789,287 | I | By Radius Venture Partners III QP, LP |
| Common StockF5,F4 | Dec 14, 2017 | S | 753 | $29.5321 | D | 72,383 | I | By Radius Venture Partners III LP |
| Common Stock | holding | — | — | — | 5,006 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects 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 December 13, 2017 with sale prices ranging from $29.36 to $29.675 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.
- F2These securities are held directly by Radius Venture Partners III (Ohio), L.P. and indirectly by Radius Venture Partners III, LLC, the general partner of Radius Venture Partners III (Ohio), L.P., Jordan S. Davis, a director of Issuer, and managing member of Radius Venture Partners III, LLC and Daniel C. Lubin, managing member of Radius Venture Partners III, LLC. Each of Radius Venture Partners III, LLC, Mr. Davis and Mr. Lubin may be deemed to beneficially own such securities, and disclaims such beneficial ownership except to the extent of its or his pecuniary interest therein.
- F3These securities are held directly by Radius Venture Partners III QP, L.P. and indirectly by Radius Venture Partners III, LLC, the general partner of Radius Venture Partners III QP, L.P., Jordan S. Davis, a director of Issuer and managing member of Radius Venture Partners III, LLC, and Daniel C. Lubin, managing member of Radius Venture Partners III, LLC. Each of Radius Venture Partners III, LLC, Mr. Davis and Mr. Lubin may be deemed to beneficially own such securities, and disclaims such beneficial ownership except to the extent of its or his pecuniary interest therein.
- F4These securities are held directly by Radius Venture Partners III, L.P. and indirectly by Radius Venture Partners III, LLC, the general partner of Radius Venture Partners III, L.P., Jordan S. Davis, a director of Issuer, and managing member of Radius Venture Partners III, LLC and Daniel C. Lubin, managing member of Radius Venture Partners III, LLC. Each of Radius Venture Partners III, LLC, Mr. Davis and Mr. Lubin may be deemed to beneficially own such securities, and disclaims such beneficial ownership except to the extent of its or his pecuniary interest therein.
- F5Reflects the weighted average price of 10,000 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on December 14, 2017 with sale prices ranging from $29.50 to $29.62 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.