SEC Form 4 · accession 0001209191-15-038091
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 29, 2015
Accepted (ET)
May 1, 2015 · 5:42 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,F2,F3 | Apr 29, 2015 | S | 9,471 | $45.404 | D | 73,482 | D | |
| Common StockF3 | May 1, 2015 | M | 4,016 | $26.62 | A | 77,498 | D | |
| Common StockF4,F5,F3 | May 1, 2015 | S | 2,410 | $44.4355 | D | 75,088 | 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)F6 | $26.62 | May 1, 2015 | M | 4,016 | A | — | Jan 3, 2021 | Common Stock | 4,016 | 0 | D |
Explanation of responses
- F1Sale 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.
- F2Weighted average from 2 transactions with prices of $45.000 and $46.620. 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.
- F3Shares 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.
- F4Sale of shares to cover the exercise price of the underlying stock option. 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.
- F5Weighted average from 12 transactions with prices ranging from $44.3900 to $44.5000. 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.
- 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.