SEC Form 4 · accession 0001437749-18-009821
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin H Roche
Director
Period of report
May 10, 2018
Accepted (ET)
May 14, 2018 · 6:18 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 StockF1 | May 10, 2018 | S | 15,000 | $44.412 | D | 66,784 | D | |
| Common StockF2 | May 10, 2018 | A | 1,373 | $0.00 | A | 68,157 | 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)F3 | $45.52 | May 10, 2018 | A | 3,713 | A | — | May 10, 2025 | Common Stock | 3,713 | 3,713 | D |
Explanation of responses
- F1Reflects the weighted average price of 15,000 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 10, 2018 with sale prices ranging from $44.25 to $44.62 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.
- F2The restricted stock units will vest in full on the earlier of one year from the grant date or the date of the next year's annual meeting of the stockholders.
- F3The options will vest in full on the earlier of one year from the grant date or the date of the next year's annual meeting of the stockholders.