SEC Form 4 · accession 0001179110-18-003294
Teladoc Health, Inc. · TDOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Hirschhorn
Officer — Executive VP, COO and CFO
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477449
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 28, 2018 | M | 1,002 | $1.67 | A | 98,960 | D | |
| Common StockF1 | Feb 28, 2018 | M | 4,793 | — | A | 103,753 | D | |
| Common StockF3 | Feb 28, 2018 | S | 100,000 | $39.60 | D | 3,753 | 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 | $1.67 | Feb 28, 2018 | M | 1,002 | D | — | Dec 11, 2023 | Common Stock | 1,002 | 16,022 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 28, 2018 | M | 4,793 | D | — | May 25, 2027 | Common Stock | 4,793 | 14,377 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on September 14, 2017.
- F3Represents the weighted average price of transactions ranging from $37.05 to $40.95. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares [purchased/ sold] at each separate price.
- F4The option vested as to 25% of the shares on December 11, 2014. The remainder of the shares vest in 36 equal monthly installments thereafter.
- F5On May 25, 2017, the reporting person was granted 19,170 restricted stock units, vesting in four equal annual installments beginning on March 3, 2018.