SEC Form 4 · accession 0001209191-15-009790
NUVASIVE INC · NUVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Link
Officer — President, U.S. Sales and Svc.
Period of report
Feb 4, 2015
Accepted (ET)
Feb 5, 2015 · 4:10 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 | Feb 4, 2015 | M | 2,024 | $26.62 | A | 69,679 | D | |
| Common StockF2,F1 | Feb 4, 2015 | S | 2,024 | $45.35 | D | 67,655 | D | |
| Common StockF1 | Feb 4, 2015 | M | 10,216 | $26.62 | A | 77,871 | D | |
| Common StockF3,F1 | Feb 4, 2015 | F | 8,162 | $45.92 | D | 69,709 | D | |
| Common StockF2,F1 | Feb 5, 2015 | S | 2,054 | $46.19 | D | 67,655 | 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)F4 | $26.62 | Feb 4, 2015 | M | 2,024 | A | — | Jan 3, 2021 | Common Stock | 2,024 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $26.62 | Feb 4, 2015 | M | 10,216 | A | — | Jan 3, 2021 | Common Stock | 10,216 | 0 | D |
Explanation of responses
- F1Shares 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.
- F2Sale effected pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on December 12, 2014, which is intended to comply with Rule 10b5-1.
- F3Payment of tax liability by Issuer's withholding of shares incident to the respective settlement of vested shares.
- F4The option, representing a right to purchase a total of 2,284 shares, became exercisable as follows: 25% of the shares vested on January 3, 2012; the remaining shares vested monthly thereafter so that all shares were fully vested as of January 3, 2015, subject to continued employment through each vesting period.
- F5The option, representing a right to purchase a total of 10,216 shares, became exercisable as follows: 25% of the shares vested on January 3, 2012; the remaining shares vested monthly thereafter so that all shares were fully vested as of January 3, 2015, subject to continued employment through each vesting period.