SEC Form 4 · accession 0001437749-18-012453
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maggie Thompson
Officer — SVP, Reimb. & Payer Relations
Period of report
Jun 20, 2018
Accepted (ET)
Jun 26, 2018 · 5:24 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 StockF2 | Jun 20, 2018 | M | 4,425 | $0.96 | A | 68,351 | D | |
| Common StockF4 | Jun 20, 2018 | S | 10,466 | $55.2036 | D | 57,885 | D | |
| Common StockF5 | Jun 20, 2018 | S | 600 | $55.8433 | D | 57,285 | D | |
| Common StockF6 | Jun 21, 2018 | S | 14,814 | $53.3138 | D | 42,471 | D | |
| Common StockF7 | Jun 21, 2018 | S | 3,909 | $54.2794 | D | 38,562 | D | |
| Common STockF8 | Jun 21, 2018 | S | 1,100 | $55.1491 | D | 37,462 | 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)F9 | $0.96 | Jun 20, 2018 | M | 4,425 | D | — | Oct 13, 2023 | Common Stock | 4,425 | 0 | D |
Explanation of responses
- F1Stock option exercise pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 17, 2018.
- F2Includes 396 shares acquired on May 15, 2018 pursuant to the issuer's employee stock purchase plan.
- F3Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 17, 2018.
- F4Reflects the weighted average price of 10,466 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on June 20, 2018 with sale prices ranging from $54.70 to $55.70 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.
- F5Reflects the weighted average price of 600 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on June 20, 2018 with sale prices ranging from $55.77 to $56.00 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.
- F6Reflects the weighted average price of 14,814 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on June 21, 2018 with sale prices ranging from $52.82 to $53.81 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.
- F7Reflects the weighted average price of 3,909 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on June 21, 2018 with sale prices ranging from $53.83 to $54.76 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.
- F8Reflects the weighted average price of 1,100 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on June 21, 2018 with sale prices ranging from $54.91 to $55.34 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.
- F9Fully vested.