SEC Form 4 · accession 0001637761-19-000008
SeaSpine Holdings Corp · SPNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J. Bostjancic
Officer — Chief Financial Officer
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 4:55 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 | Jan 1, 2019 | M | 15,573 | — | A | 64,288 | D | |
| Common StockF1 | Jan 1, 2019 | M | 12,550 | — | A | 76,838 | D | |
| Common StockF2 | Jan 1, 2019 | F | 10,144 | $18.24 | D | 66,694 | 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,F3 | — | Jan 1, 2019 | M | 15,573 | D | — | — | Common Stock | 15,573 | 15,574 | D |
| Restricted Stock UnitsF1,F4 | — | Jan 1, 2019 | M | 12,550 | D | — | — | Common Stock | 12,550 | 25,101 | D |
| Restricted Stock UnitsF1,F5 | — | Jan 1, 2019 | A | 16,037 | A | — | — | Common Stock | 16,037 | 16,037 | D |
| Employee Stock Option (Right to Buy)F6 | $18.24 | Jan 1, 2019 | A | 17,818 | A | — | Jan 1, 2027 | Common Stock | 17,818 | 17,818 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F2These shares were withheld by the issuer to satisfy statutory tax withholding requirements on vesting of restricted stock units that occurred on January 1, 2019. No shares were sold in connection with this transaction.
- F3The reporting person was granted 46,720 restricted stock units on February 2, 2017, which vest in three equal installments on each of January, 1, 2018, 2019 and 2020.
- F4The reporting person was granted 37,651 restricted stock units on March 5, 2018, which vest in three equal installments on each of January, 1, 2019, 2020 and 2021.
- F5The restricted stock units vest in three equal installments on each of January 1, 2020, 2021 and 2022.
- F6The option vests as to 25% of the underlying shares on January 1, 2020 and the remaining 75% in twelve substantially equal quarterly installments thereafter.