SEC Form 4 · accession 0001209191-17-006526
NUVASIVE INC · NUVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Miles
Director
Period of report
Jan 28, 2017
Accepted (ET)
Jan 31, 2017 · 8:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001142596
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PRSUsF1,F2 | $0.00 | Jan 28, 2017 | A | 42,397 | A | — | — | Common Stock | 42,397 | 42,397 | D |
Explanation of responses
- F1Each performance restricted stock unit ("PRSU") represents the right to receive one share of the Issuer's common stock upon vesting.
- F2As disclosed by the Issuer on a Form 8-K filed on September 12, 2016, this PRSU award was granted to the Reporting Person on September 11, 2016, contingent upon purchases of the Issuer's common stock made by the Reporting Person through January 28, 2017. The number of PRSUs reported on this Form 4 represents the target payout of the PRSU award. The number of shares payable upon vesting of the PRSUs could range from 0% to 200% of target, if and to the extent that the Issuer's stock price reaches specified levels as of September 11, 2021, the end of the performance period.