SEC Form 4 · accession 0000911916-17-000256
ZIMMER BIOMET HOLDINGS, INC. · ZBH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan C Hanson
Officer — President and CEO · Director
Period of report
Dec 19, 2017
Accepted (ET)
Dec 21, 2017 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001136869
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $121.26 | Dec 19, 2017 | A | 126,260 | A | — | Dec 19, 2027 | Common Stock | 126,260 | 126,260 | D |
| Employee Stock Option (right to buy)F1 | $121.26 | Dec 19, 2017 | A | 97,800 | A | — | Dec 19, 2027 | Common Stock | 97,800 | 97,800 | D |
| Performance Restricted Stock UnitsF3,F4,F2 | — | Dec 19, 2017 | A | 49,425 | A | — | — | Common Stock | 49,425 | 49,425 | D |
| Performance Restricted Stock UnitsF3,F4 | — | Dec 19, 2017 | A | 38,280 | A | — | — | Common Stock | 38,280 | 38,280 | D |
| Restricted Stock UnitsF3,F5 | — | Dec 19, 2017 | A | 25,875 | A | — | — | Common Stock | 25,875 | 25,875 | D |
Explanation of responses
- F1Vests annually over four years in increments of 25% each year, commencing on December 19, 2018.
- F2This award will be forfeited in full if the reporting person fails to acquire in open-market purchases $3,000,000 of Zimmer Biomet Holdings, Inc. (the "Company") common stock within 90 business days of December 19, 2017.
- F3Each performance restricted stock unit ("PRSU") and each restricted stock unit represents a contingent right to receive one share of Company common stock.
- F4The PRSUs will be earned if and to the extent certain stock price performance goals are achieved by December 19, 2021. Earned PRSUs, if any, will vest on the later of December 19, 2021 or the date the Company's compensation committee determines the number of PRSUs earned.
- F5Vests annually over three years in increments of 33.3% each year, commencing on December 19, 2018.