SEC Form 4 · accession 0001637761-16-000092
SeaSpine Holdings Corp · SPNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Valentine
Officer — Chief Executive Officer
Period of report
Jun 7, 2016
Accepted (ET)
Jun 9, 2016 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001637761
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $14.19 | Jun 7, 2016 | A | 149,074 | A | — | Jan 27, 2024 | Common Stock | 149,074 | 149,074 | D |
Explanation of responses
- F1The option grant was approved by a committee of the issuer's board of directors on January 27, 2016, subject to stockholder approval of an amendment and restatement of the equity plan under which the option was granted. The issuer's stockholders approved the amendment and restatement of the plan on June 7, 2016.
- F2The option vests in equal quarterly installments over four years, with the first installment vesting on March 31, 2016; provided that in no event will the option vest prior to the first anniversary of the reporting person's first day of employment (at which time the portion of the option that would have vested but for this one-year cliff will vest).