SEC Form 4 · accession 0001179110-18-009810
Teladoc Health, Inc. · TDOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lewis Levy
Officer — Chief Medical Officer
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 StockF1 | Jul 16, 2018 | M | 7,353 | — | A | 7,353 | D | |
| Common Stock | Jul 16, 2018 | M | 15,415 | $35.45 | A | 22,768 | D | |
| Common StockF2,F3 | Jul 16, 2018 | S | 7,353 | $65.87 | D | 15,415 | D | |
| Common StockF2,F3 | Jul 16, 2018 | S | 15,415 | $65.72 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Jul 16, 2018 | M | 7,353 | D | — | — | Common Stock | 7,353 | 22,059 | D |
| Employee Stock Option (right to buy)F4 | $35.45 | Jul 16, 2018 | M | 15,415 | D | — | Jul 14, 2027 | Common Stock | 15,415 | 46,245 | D |
Explanation of responses
- F1Restricted stock units convert to shares of TDOC 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 June 14, 2018.
- 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 25% of the shares on July 14, 2018. The remainder of the shares vest in 36 equal monthly installments thereafter.
- F5Each restricted stock unit represents a contingent right to receive one share of TDOC common stock.
- F6The restricted stock unit vests in four equal annual installments beginning July 14, 2018.