SEC Form 4 · accession 0001127602-19-011378
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 12, 2019
Accepted (ET)
Mar 14, 2019 · 5:07 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 | Mar 12, 2019 | M | 19,915 | $31.20 | A | 43,907 | D | |
| Common StockF1 | Mar 12, 2019 | M | 5,686 | $46.22 | A | 49,593 | D | |
| Common StockF1 | Mar 12, 2019 | M | 1,748 | $74.50 | A | 51,341 | D | |
| Common StockF2,F1 | Mar 12, 2019 | S | 27,349 | $94.0295 | D | 23,992 | 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)F3 | $31.20 | Mar 12, 2019 | M | 19,915 | D | — | Mar 28, 2026 | Common Stock | 19,915 | 11,967 | D |
| Employee Stock Option (Right to Buy)F3 | $46.22 | Mar 12, 2019 | M | 5,686 | D | — | Feb 22, 2027 | Common Stock | 5,686 | 5,686 | D |
| Employee Stock Option (Right to Buy)F3 | $74.50 | Mar 12, 2019 | M | 1,748 | D | — | Feb 14, 2028 | Common Stock | 1,748 | 5,247 | D |
Explanation of responses
- F1Includes 4,674 restricted stock units granted on March 28, 2016, which vest on March 28, 2019; 4,006 performance share units granted on March 28, 2016, which vest on March 28, 2019; 1,443 restricted stock units granted on February 22, 2017, which vest on February 22, 2020; and 1,790 restricted stock units granted on February 14, 2018, which vest one-half of the total units on February 14, 2020 and one-half 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.
- F2The price reported represents the weighted average sale price of the shares sold. The shares were sold at varying prices in the range of $93.67 to $94.53. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- F3This 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.