SEC Form 4 · accession 0001209191-15-036657
NUVASIVE INC · NUVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell Powers
Officer — EVP, International
Period of report
Apr 24, 2015
Accepted (ET)
Apr 28, 2015 · 4:47 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 | Apr 24, 2015 | M | 6,250 | $26.62 | A | 86,328 | D | |
| Common StockF2,F3,F1 | Apr 24, 2015 | S | 3,888 | $44.07 | D | 82,440 | D | |
| Common StockF1 | Apr 24, 2015 | M | 2,234 | $26.62 | A | 84,674 | D | |
| Common StockF4,F1 | Apr 24, 2015 | F | 1,721 | $43.99 | D | 82,953 | 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 | $26.62 | Apr 24, 2015 | M | 6,250 | A | — | Jan 3, 2021 | Common Stock | 6,250 | 0 | D |
| Employee Stock Option (Right to BuyF6 | $26.62 | Apr 24, 2015 | M | 2,234 | A | — | Jan 3, 2012 | Common Stock | 2,234 | 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 of shares for payment of the exercise price of the underlying stock options. Sale effected pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on March 10, 2015, which is intended to comply with Rule 10b5-1.
- F3Weighted average from 4 transactions with prices ranging from $44.0600 to $44.080. 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.
- F4Payment of exercise price and tax liability by Issuer's withholding of shares incident to the respective option exercise.
- F5The option, representing a right to purchase a total of 10,266 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.
- F6The option, representing a right to purchase a total of 2,234 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.