SEC Form 4 · accession 0001209191-16-128681
NUVASIVE INC · NUVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Hannon
Officer — EVP, International
Period of report
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 6:00 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 | Jun 15, 2016 | M | 2,231 | $26.62 | A | 37,616 | D | |
| Common StockF1 | Jun 15, 2016 | M | 47,769 | $26.62 | A | 85,385 | D | |
| Common StockF2,F1 | Jun 15, 2016 | F | 35,466 | $57.69 | D | 49,919 | D | |
| Common StockF3,F1 | Jun 15, 2016 | S | 2,231 | $58.42 | D | 47,688 | D | |
| Common StockF3,F4,F1 | Jun 16, 2016 | S | 12,303 | $57.42 | D | 35,385 | 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 | Jun 15, 2016 | M | 2,231 | D | — | Jan 3, 2021 | Common Stock | 2,231 | 0 | D |
| Employee Stock Option (Right to Buy)F6 | $26.62 | Jun 15, 2016 | M | 47,769 | D | — | Jan 3, 2021 | Common Stock | 47,769 | 0 | D |
Explanation of responses
- F1Shares directly held by the Reporting Person. The Reporting Person also holds conditional rights to receive shares pursuant to previously disclosed Issuer equity awards. Amount includes 505 shares acquired under the Issuer's employee stock purchase plan in April 2016.
- F2Payment of exercise price and tax liability by Issuer's withholding of shares incident to the respective option exercise.
- F3Sales effected pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person, which is intended to comply with Rule 10b5-1.
- F4Weighted average sales price from sales transactions ranging from $57.19 to $57.81. Upon request by the Commission staff or a security holder of the Issuer, either the Issuer or 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 2,231 shares, was granted on January 3, 2011 and is fully vested.
- F6The option, representing a right to purchase a total of 47,769 shares, was granted on January 3, 2011 and is fully vested.