SEC Form 4 · accession 0001179110-18-012635
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
Nov 5, 2018
Accepted (ET)
Nov 7, 2018 · 4:01 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 StockF2 | Nov 5, 2018 | M | 12,692 | — | A | 12,692 | D | |
| Common Stock | Nov 5, 2018 | M | 56,532 | $32.50 | A | 69,224 | D | |
| Common StockF1,F3 | Nov 5, 2018 | S | 69,224 | $66.77 | 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 UnitsF4,F5 | — | Nov 5, 2018 | M | 12,692 | D | — | — | Common Stock | 12,692 | 38,077 | D |
| Employee Stock Option (right to buy)F6 | $32.50 | Nov 5, 2018 | M | 56,532 | D | — | Nov 3, 2027 | Common Stock | 56,532 | 169,596 | 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.
- F2Restricted stock units convert to shares of TDOC common stock on a one-for-one basis.
- F3Represents the weighted average price of transactions ranging from $65.38 to $72.31. 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.
- F4Each restricted stock unit represents a contingent right to receive one share of TDOC common stock.
- F5On November 3, 2017, the reporting person was was granted 50,769 restricted stock units, vesting in four equal annual installments beginning on November 3, 2018.
- F6The option vests as to 25% of the shares on November 3, 2018. The remainder of the shares vest in 36 equal monthly installments thereafter.