SEC Form 4 · accession 0001209191-15-024658
NUVASIVE INC · NUVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexis V Lukianov
Officer — Chairman & CEO · Director
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 4:55 pm EDT
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 | Mar 6, 2015 | M | 18,750 | $18.31 | A | 347,117 | D | |
| Common StockF2,F1 | Mar 6, 2015 | F | 13,437 | $44.92 | D | 333,680 | D | |
| Common StockF3,F4,F1 | Mar 9, 2015 | S | 5,313 | $44.815 | D | 328,367 | 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)F5 | $18.31 | Mar 6, 2015 | M | 18,750 | A | — | Jan 3, 2016 | Common Stock | 18,750 | 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.
- F2Payment of exercise price and tax liability by Issuer's withholding of shares incident to the respective option exercise.
- F3The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on November 15, 2014, which is intended to comply with Rule 10b5-1.
- F4Weighted average from 27 transactions with prices ranging from $44.560 to $45.050. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares sold at each separate price.
- F5The option, representing a right to purchase a total of 244,539 shares, became exercisable as follows: 25% of the shares vested on January 3, 2007; the remaining shares vested monthly thereafter so that all shares were fully vested as of January 3, 2010, subject to continued employment through each vesting period.