SEC Form 4 · accession 0001209191-17-019697
NUVASIVE INC · NUVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Hannon
Officer — President and COO
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 6:03 pm EST
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 7, 2017 | M | 97,375 | $34.82 | A | 142,336 | D | |
| Common StockF2,F1 | Mar 7, 2017 | F | 72,535 | $74.63 | D | 69,801 | D | |
| Common StockF3,F4,F1 | Mar 8, 2017 | S | 24,340 | $74.21 | D | 45,461 | D | |
| Common StockF3,F5,F1 | Mar 8, 2017 | S | 500 | $74.80 | D | 44,961 | 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 | $34.82 | Mar 7, 2017 | M | 97,375 | D | — | Jan 2, 2019 | Common Stock | 97,375 | 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.
- 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 $73.71 to $74.70. 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.
- F5Weighted average sales price from sales transactions ranging from $74.74 to $74.91. 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.
- F6The option, representing a right to purchase a total of 97,375 shares, was granted on January 2, 2009 and is fully vested.