SEC Form 4 · accession 0001127602-18-010422
INSULET CORP · PODD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley A Thomas
Officer — EVP Human Resources
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 7:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001145197
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 2, 2018 | F | 1,734 | $73.07 | D | 74,078 | D | |
| Common StockF2,F3 | Mar 5, 2018 | M | 6,150 | $32.51 | A | 80,228 | D | |
| Common StockF4,F2,F3 | Mar 5, 2018 | F | 2,650 | $75.43 | D | 77,578 | 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 | $32.51 | Mar 5, 2018 | M | 6,150 | D | — | Mar 2, 2025 | Common Stock | 6,150 | 11,378 | D |
Explanation of responses
- F1This transaction represents the withholding of shares received upon the vesting of restricted stock units to cover the associated tax obligations.
- F2Includes 2,271 performance share units granted on April 1, 2015, which vest on April 1, 2018; 3,418 restricted stock units granted on February 24, 2016, which vest on February 24, 2019; 4,328 restricted stock units granted on February 22, 2017, which vest one-half of the total units on February 22, 2019 and one-half of the total units on February 22, 2020; 6,836 performance share units granted on February 24, 2016, which vest on February 24, 2019; and 4,027 restricted stock units granted on February 14, 2018, which vest as to one-third of the total units on February 14, 2019, one-third of the total units on February 14, 2020 and one-third of the total units on February 14, 2021, subject to continued employment. Vested shares will be delivered to the reporting person as soon as practicable following a vesting date.
- F3Includes an aggregate of 1,787 shares purchased under the Insulet Corporation 2007 Employee Stock Purchase Plan on the following dates: 569 shares acquired on December 31, 2015, 568 shares acquired on June 30, 2016, 127 shares acquired on November 30, 2016, and 523 shares acquired on November 30, 2017.
- F4Constitutes previously owned shares to cover the exercise price of the option being exercised through a stock swap.
- F5This option is subject to a four-year vesting period, with 25% of the total award vesting one year after the grant date and the remainder vesting in equal quarterly installments each quarter thereafter for 12 quarters, subject to continued employment.