SEC Form 4 · accession 0000911916-16-000474
ZIMMER BIOMET HOLDINGS, INC. · ZBH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Dvorak
Officer — President and CEO · Director
Period of report
Mar 18, 2016
Accepted (ET)
Mar 22, 2016 · 5:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001136869
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 18, 2016 | M | 32,810 | $0.00 | A | 277,416 | D | |
| Common StockF2 | Mar 18, 2016 | F | 15,290 | $103.97 | D | 262,126 | D | |
| Common StockF3,F4 | Mar 21, 2016 | S | 1,540 | $104.1579 | D | 260,586 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Mar 18, 2016 | M | 32,810 | D | — | — | Common Stock | 32,810 | 0 | D |
Explanation of responses
- F1Includes 104 shares acquired under the Zimmer Biomet Holdings, Inc. Employee Stock Purchase Plan between December 31, 2015 and February 1, 2016.
- F2Represents shares withheld by Zimmer Biomet Holdings, Inc. to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3Securities sold to cover additional taxes on the vesting of restricted stock units pursuant to a written plan intended to comply with Rule 10b5-1(c)(1) adopted by Mr. Dvorak on February 24, 2016.
- F4Represents the sale of 1,540 shares in multiple transactions, ranging in price from $104.14 to $104.20 per share, resulting in a weighted average sale price of $104.1579. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price within the range.
- F5Each restricted stock unit ("RSU") represents a contingent right to receive one share of Zimmer Biomet Holdings, Inc. common stock.
- F6The earned RSUs vested on March 18, 2016.