SEC Form 4 · accession 0001209191-15-001140
NUVASIVE INC · NUVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Hannon
Officer — EVP, General Counsel & Sec.
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 5:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001142596
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 1, 2015 | A | 4,166 | $0.00 | A | 33,945 | D | |
| Common StockF3,F2 | Jan 1, 2015 | F | 1,705 | $47.16 | D | 32,240 | D | |
| Common StockF4,F2 | Jan 2, 2015 | S | 10,000 | $46.99 | D | 22,240 | D | |
| Common StockF2 | Jan 2, 2015 | M | 6,754 | $23.24 | A | 38,994 | D | |
| Common StockF5,F2 | Jan 2, 2015 | F | 4,637 | $46.64 | D | 34,357 | D | |
| Common StockF6,F2 | Jan 5, 2015 | S | 2,117 | $46.03 | D | 32,240 | 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)F7 | $23.24 | Jan 2, 2015 | M | 6,754 | A | — | Jan 16, 2017 | Common Stock | 6,754 | 0 | D |
Explanation of responses
- F1Settlement of vested shares under Restricted Stock Unit grant dated January 3, 2011.
- F2Shares directly held by the Reporting Person. The Reporting Person also holds conditional rights to receive or purchase (as appropriate) shares pursuant to previously disclosed Company equity awards.
- F3Shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting/settlement of Restricted Stock Unit awards dated January 3, 2011.
- F4Sale effected pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on September 9, 2014, which is intended to comply with Rule 10b5-1.
- F5Payment of exercise price by the Reporting Person via tender of shares held outright by the Reporting Person back to the Issuer incident to the respective option exercise.
- F6Sale effected pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on November 14, 2014, which is intended to comply with Rule 10b5-1.
- F7The option, representing a right to purchase a total of 54,940 shares, became exercisable as follows: 25% of the shares vested on January 16, 2008; the remaining shares vested monthly thereafter so that all shares were fully vested as of January 16, 2011, subject to continued employment through each vesting period.