SEC Form 4 · accession 0001179110-18-010081
Alphatec Holdings, Inc. · ATEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Miles
Officer — CEO · Director
Period of report
Jul 30, 2018
Accepted (ET)
Aug 1, 2018 · 8:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001350653
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 30, 2018 | A | 463,435 | $0.00 | A | 3,108,330 | D | |
| Common Stock | holding | — | — | — | 250,000 | I | By MOM, LLC |
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 | $2.69 | Jul 30, 2018 | A | 721,193 | A | Jul 30, 2019 | Jul 30, 2028 | Common Stock | 721,193 | 721,193 | D |
Explanation of responses
- F1On July 30, 2018, issuer granted to the reporting person 463,435 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of issuer's common stock.
- F2The restricted stock units vest in four equal installments on each of the first four anniversaries of the grant date.
- F3The option will vest 25% on the first anniversary of the grant date and thereafter in 36 equal monthly installments; provided, however, that no portion of the option shall be exercisable at any time during the first four years following the grant date unless and until the publicly-traded stock price for the securities underlying the option reaches a 30-day average trading price equal to or above $4.20 per share. Should the publicly-traded stock price for the securities underlying the option reach a 30-day average trading price at or above $4.20 per share, this pricing condition on the exercise of the option shall be satisfied, and shall terminate.