SEC Form 4 · accession 0001637761-18-000014
SeaSpine Holdings Corp · SPNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Valentine
Officer — Chief Executive Officer · Director
Period of report
Dec 31, 2017
Accepted (ET)
Jan 3, 2018 · 8:10 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 StockF2 | Dec 31, 2017 | J | 1,266 | $6.426 | A | 145,031 | D | |
| Common StockF3 | Jan 1, 2018 | M | 35,938 | — | A | 180,969 | 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,F4 | — | Jan 1, 2018 | M | 35,938 | D | — | — | Common Stock | 35,938 | 71,877 | 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.
- F4The reporting person was granted 107,815 restricted stock units on February 2, 2017, which vest in three equal installments on each of January 1, 2018, 2019 and 2020.