SEC Form 4 · accession 0001437749-18-003805
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
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 4:53 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 | Feb 28, 2018 | A | 7,725 | $0.00 | A | 307,203 | D | |
| Common StockF3 | Mar 1, 2018 | S | 2,833 | $32.0457 | D | 304,370 | 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)F4 | $32.36 | Feb 28, 2018 | A | 20,056 | A | — | Feb 28, 2025 | Common Stock | 20,056 | 20,056 | D |
Explanation of responses
- F1The restricted stock units ("RSUs") vest as follows: one-third of the RSUs vest on each of the first three anniversaries of the grant date.
- 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 2,833 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on March 1, 2018 with sale prices ranging from $31.95 to $32.30 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.
- F4The stock option vests as follows: one-third of the stock option vests on each of the first three anniversaries of the grant date.