SEC Form 4 · accession 0001637761-16-000097
SeaSpine Holdings Corp · SPNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart Essig
Director
Period of report
Jun 7, 2016
Accepted (ET)
Jun 9, 2016 · 4:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001637761
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 7, 2016 | A | 10,010 | $0.00 | A | 328,946 | D | |
| Common StockF2 | holding | — | — | — | 65,100 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $9.99 | Jun 7, 2016 | A | 25,056 | A | — | Jun 7, 2026 | Common Stock | 25,056 | 25,056 | D |
Explanation of responses
- F1The restricted stock award vests in four equal installments on each of September 7, 2016, December 7, 2016, March 7, 2017 and June 7, 2017, subject to the Reporting Person's continued service on the board of directors of SeaSpine Holdings Corporation ("SeaSpine") through each vesting date. The restricted stock award will also vest upon a change in control of SeaSpine and upon the death or disability of the Reporting Person.
- F2Includes 32,550 shares of common stock held by the Essig Enright Family Foundation, of which the Reporting Person is a trustee, and 32,550 shares of common stock held by the Stuart M. Essig 2007 Family Trust. The Reporting Person has shared investment power over 65,100 shares of common stock held by the Essig Enright Family Foundation and the Stuart M. Essig 2007 Family Trust.
- F3The option vests in four equal installments on each of September 7, 2016, December 7, 2016, March 7, 2017 and June 7, 2017, subject to the Reporting Person's continued service on the board of directors of SeaSpine through each vesting date. The option will also vest upon a change in control of SeaSpine and upon the death or disability of the Reporting Person.