SEC Form 4 · accession 0001127602-18-011732
INSULET CORP · PODD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aiman Abdel-Malek
Officer — EVP & Chief Technology Officer
Period of report
Mar 13, 2018
Accepted (ET)
Mar 15, 2018 · 6:43 pm EDT
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 | Mar 13, 2018 | M | 3,205 | $31.20 | A | 29,788 | D | |
| Common StockF3,F1,F2 | Mar 13, 2018 | F | 1,183 | $84.50 | D | 28,605 | 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)F4 | $31.20 | Mar 13, 2018 | M | 3,205 | D | — | Mar 28, 2026 | Common Stock | 3,205 | 35,087 | D |
Explanation of responses
- F1Includes 9,348 restricted stock units granted on March 28, 2016, which vest one-half of the total units on March 28, 2018 and one-half of the total units on March 28, 2019; 8,012 performance share units granted on March 28, 2016, which vest one-half of the total units on March 28, 2018 and one-half of the total units on March 28, 2019; 2,885 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; and 2,685 restricted stock units granted on February 14, 2018, which vest 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.
- F2Includes an aggregate of 1,197 shares acquired under the Insulet Corporation 2007 Employee Stock Purchase Plan on the following dates: 474 shares acquired on November 30, 2016, 588 shares acquired on May 31, 2017 and 135 shares acquired on November 30, 2017.
- F3Constitutes previously owned shares to cover the exercise price of the option being exercised through a stock swap.
- F4This 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.