SEC Form 4 · accession 0001437749-18-000196
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
Jan 1, 2018
Accepted (ET)
Jan 3, 2018 · 6:56 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 | Jan 1, 2018 | F | 10,294 | $28.98 | D | 309,331 | D | |
| Common Stock | Jan 2, 2018 | M | 13,388 | $0.51 | A | 322,719 | D | |
| Common StockF3 | Jan 2, 2018 | S | 13,388 | $29.4221 | D | 309,331 | D | |
| Common Stock | Jan 3, 2018 | M | 9,668 | $0.51 | A | 318,999 | D | |
| Common StockF4 | Jan 3, 2018 | S | 9,668 | $29.3426 | D | 309,331 | 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 | Jan 2, 2018 | M | 13,388 | D | — | Feb 26, 2018 | Common Stock | 13,388 | 34,907 | D |
| Employee Stock Option (right to buy)F5 | $0.51 | Jan 3, 2018 | M | 9,668 | D | — | Feb 26, 2018 | Common Stock | 9,668 | 25,239 | D |
Explanation of responses
- F1Consists entirely of shares of stock withheld by the issuer to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
- F2Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2017.
- F3Reflects the weighted average price of 13,388 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on January 2, 2018 with sale prices ranging from $29.01 to $29.69 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 9,668 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on January 3, 2018 with sale prices ranging from $29.02 to $29.94 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.