SEC Form 4 · accession 0001637761-19-000009
SeaSpine Holdings Corp · SPNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick L Keran
Officer — VP, General Counsel
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 4:56 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, 2018 | J | 1,122 | $6.426 | A | 26,127 | D | |
| Common StockF3 | Jan 1, 2019 | M | 15,573 | — | A | 41,700 | D | |
| Common StockF3 | Jan 1, 2019 | M | 11,885 | — | A | 53,585 | D | |
| Common StockF4 | Jan 1, 2019 | F | 9,914 | $18.24 | D | 43,671 | 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, 2019 | M | 15,573 | D | — | — | Common Stock | 15,573 | 15,574 | D |
| Restricted Stock UnitsF3,F6 | — | Jan 1, 2019 | M | 11,885 | D | — | — | Common Stock | 11,885 | 23,771 | D |
| Restricted Stock UnitsF3,F7 | — | Jan 1, 2019 | A | 10,125 | A | — | — | Common Stock | 10,125 | 10,125 | D |
| Employee Stock Option (Right to Buy)F8 | $18.24 | Jan 1, 2019 | A | 33,749 | A | — | Jan 1, 2027 | Common Stock | 33,749 | 33,749 | D |
Explanation of responses
- F1These shares were acquired under the issuer's 2015 Employee Stock Purchase Plan (ESPP) in transactions that were 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 units that occurred on January 1, 2019. No shares were sold in connection with this transaction.
- F5The 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.
- F6The reporting person was granted 35,656 restricted stock units on March 5, 2018, which vest in three equal installments on each of January, 1, 2019, 2020 and 2021.
- F7The restricted stock units vest in three equal installments on each of January 1, 2020, 2021 and 2022.
- F8The option vests as to 25% of the underlying shares on January 1, 2020 and the remaining 75% in twelve substantially equal quarterly installments thereafter.