SEC Form 4 · accession 0001437749-18-012798
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter H Soderberg
Director
Period of report
Jun 29, 2018
Accepted (ET)
Jul 2, 2018 · 4:15 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 | Jun 29, 2018 | A | 192 | $52.00 | A | 9,146 | D | |
| Common StockF2 | holding | — | — | — | 236,450 | I | By Worthy Venture Resources, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 29, 2018, the reporting person was granted 192 restricted stock units ("RSUs") in lieu of cash compensation of $10,000.00 pursuant to Tactile Systems Technology, Inc.'s Non-Employee Director Compensation Policy. The RSUs are 100% immediately vested and will be settled in Company's common stock upon the earlier of Mr. Soderberg's separation from service from the Company's Board of Directors or a Change in Control as defined in the Plan.
- F2Represents securities held by Worthy Venture Resources, LLC. The reporting person is the manager of Worthy Venture Resources, LLC.