SEC Form 4 · accession 0001637761-18-000012
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
Dec 31, 2017
Accepted (ET)
Jan 3, 2018 · 8:09 pm EST
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,F2 | Dec 31, 2017 | J | 1,563 | $6.426 | A | 14,844 | D | |
| Common StockF3 | Jan 1, 2018 | M | 12,793 | — | A | 27,637 | D | |
| Common StockF4 | Jan 1, 2018 | F | 5,593 | $10.12 | D | 22,044 | 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 UnitsF3,F5 | — | Jan 1, 2018 | M | 12,793 | D | — | — | Common Stock | 12,793 | 25,588 | D |
Explanation of responses
- F1These shares were acquired under the issuer's 2015 Employee Stock Purchase Plan (the "ESPP") in a transaction that was exempt under Rule 16b-3(c).
- F2In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on January 3, 2017, which was the first trading day of the applicable offering period.
- F3Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F4These shares were withheld by the issuer to satisfy statutory tax withholding requirements on vesting of restricted stock that occurred on January 1, 2018. No shares were sold in connection with this transaction.
- F5The reporting person was granted 38,381 restricted stock units on February 2, 2017, which vest in three equal installments on each of January 1, 2018, 2019 and 2020.