SEC Form 4 · accession 0001437749-18-021369
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J. Folkes
Officer — Chief Operating Officer
Period of report
Nov 27, 2018
Accepted (ET)
Nov 29, 2018 · 4:23 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 Stock | Nov 27, 2018 | M | 14,315 | $0.96 | A | 127,551 | D | |
| Common StockF1 | Nov 27, 2018 | S | 12,248 | $53.3497 | D | 115,303 | D | |
| Common StockF2 | Nov 27, 2018 | S | 2,067 | $54.0746 | D | 113,236 | D | |
| Common Stock | Nov 28, 2018 | M | 8,875 | $0.96 | A | 122,111 | D | |
| Common StockF3 | Nov 28, 2018 | S | 7,535 | $52.582 | D | 114,576 | D | |
| Common StockF4 | Nov 28, 2018 | S | 1,100 | $53.3873 | D | 113,476 | D | |
| Common StockF5 | Nov 28, 2018 | S | 240 | $54.2143 | D | 113,236 | 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)F6 | $0.96 | Nov 27, 2018 | M | 14,315 | D | — | Oct 13, 2023 | Common Stock | 14,315 | 38,875 | D |
| Employee Stock Option (right to buy)F6 | $0.96 | Nov 28, 2018 | M | 8,875 | D | — | Oct 13, 2023 | Common Stock | 8,875 | 30,000 | D |
Explanation of responses
- F1Reflects the weighted average price of 12,248 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on November 27, 2018 with sale prices ranging from $52.90 to $53.89 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.
- F2Reflects the weighted average price of 2,067 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on November 27, 2018 with sale prices ranging from $53.90 to $54.70 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.
- F3Reflects the weighted average price of 7,535 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on November 28, 2018 with sale prices ranging from $52.04 to $53.02 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 1,100 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on November 28, 2018 with sale prices ranging from $53.08 to $54.05 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 240 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on November 28, 2018 with sale prices ranging from $54.17 to $54.36 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.
- F6Fully vested.