SEC Form 4 · accession 0001179110-18-009809
Teladoc Health, Inc. · TDOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter A McClennen
Officer — President
Period of report
Jul 16, 2018
Accepted (ET)
Jul 18, 2018 · 4:06 pm EDT
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 | Jul 16, 2018 | M | 61,660 | $35.45 | A | 61,660 | D | |
| Common StockF7 | Jul 16, 2018 | M | 29,412 | — | A | 91,072 | D | |
| Common StockF1,F2 | Jul 16, 2018 | S | 61,660 | $65.82 | D | 29,412 | D | |
| Common StockF1,F3 | Jul 16, 2018 | S | 29,412 | $65.87 | D | 0 | 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 | $35.45 | Jul 16, 2018 | M | 61,660 | D | — | Jul 14, 2027 | Common Stock | 61,660 | 61,660 | D |
| Restricted Stock UnitsF5,F6 | — | Jul 16, 2018 | M | 29,412 | D | — | — | Common Stock | 29,412 | 29,412 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on June 11, 2018.
- F2Represents the weighted average price of transactions ranging from $65.50 to $66.45. 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 sold at each separate price.
- F3Represents the weighted average price of transactions ranging from $65.50 to $66.20. 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 sold at each separate price.
- F4The option vests as to 50% of the shares on July 14, 2018. The remainder of the shares vest on July 14, 2019.
- F5Each restricted stock unit represents a contingent right to receive one share of TDOC common stock.
- F6On July 14, 2017, the reporting person was was granted 58,824 restricted stock units, vesting in two equal annual installments beginning on July 14, 2018.
- F7Restricted stock units convert to shares of TDOC common stock on a one-for-one basis.