SEC Form 4 · accession 0001637761-17-000063
SeaSpine Holdings Corp · SPNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D. Baker
Officer — VP, Global Operations
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 12:22 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 | Mar 10, 2017 | M | 9,316 | — | A | 15,638 | D | |
| Common StockF2,F3 | Mar 13, 2017 | S | 4,100 | $6.66 | D | 11,538 | 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 UnitsF1,F4 | — | Mar 10, 2017 | M | 9,316 | D | — | — | Common Stock | 9,316 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of SeaSpine Holdings Corporation common stock.
- F2These shares were sold to cover tax withholding obligations related to the receipt of shares in connection with the vesting of the restricted stock units.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.66 to $6.80, inclusive. The reporting person undertakes to provide to SeaSpine, any security holder of SeaSpine, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4The reporting person was granted 9,316 restricted stock units on February 2, 2017, which vested in full on March 10, 2017.