SEC Form 4 · accession 0001179110-18-003542
Teladoc Health, Inc. · TDOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam C Vandervoort
Officer — Chief Legal Officer, Secretary
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 7:24 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 | Mar 2, 2018 | M | 19,138 | $8.71 | A | 19,338 | D | |
| Common Stock | Mar 2, 2018 | M | 3,190 | $9.60 | A | 22,528 | D | |
| Common Stock | Mar 2, 2018 | M | 5,481 | $12.21 | A | 28,009 | D | |
| Common Stock | Mar 2, 2018 | S | 27,809 | $38.62 | D | 200 | D | |
| Common Stock | Mar 5, 2018 | M | 17,361 | $22.30 | A | 17,561 | D | |
| Common Stock | Mar 5, 2018 | S | 17,361 | $40.28 | D | 200 | D | |
| Common StockF1 | Mar 5, 2018 | M | 1,953 | — | A | 2,153 | D | |
| Common Stock | Mar 5, 2018 | S | 1,953 | $41.82 | D | 200 | 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)F2 | $8.71 | Mar 2, 2018 | M | 19,138 | D | — | Feb 15, 2025 | Common Stock | 19,138 | 32,808 | D |
| Employee Stock Option (right to buy)F3 | $9.60 | Mar 2, 2018 | M | 3,190 | D | — | May 29, 2025 | Common Stock | 3,190 | 6,835 | D |
| Employee Stock Option (right to buy)F4 | $12.21 | Mar 2, 2018 | M | 5,481 | D | — | Mar 7, 2026 | Common Stock | 5,481 | 22,839 | D |
| Employee Stock Option (right to buy)F5 | $22.30 | Mar 5, 2018 | M | 17,361 | D | — | Mar 3, 2027 | Common Stock | 17,361 | 52,082 | D |
| Employee Stock Option (right to buy)F6 | $38.55 | Mar 1, 2018 | A | 55,900 | A | — | Mar 1, 2028 | Common Stock | 55,900 | 55,900 | D |
| Restricted Stock UnitF7,F8 | — | Mar 1, 2018 | A | 11,236 | A | — | — | Common Stock | 11,236 | 11,236 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The option vested as to 25% of the shares on February 25, 2016. The remainder of the shares vest in 36 equal monthly installments thereafter.
- F3The option vested as to 25% of the shares on May 29, 2016. The remainder of the shares vest in 36 equal monthly installments thereafter.
- F4The option vested as to 25% of the shares on March 7, 2017. The remainder of the shares vest in 36 equal monthly installments thereafter.
- F5The option vested as to 25% of the shares on March 3, 2018. The remainder of the shares vest in 36 equal monthly installments thereafter.
- F6The option will vest as to 25% of the shares on March 1, 2019. The remainder of the shares will vest in 36 equal monthly installments thereafter.
- F7Each restricted stock unit represents a contingent right to receive one share of TDOC common stock.
- F8The restricted stock unit vests in three equal annual installments beginning March 1, 2019.