SEC Form 3 · accession 0000899243-19-004119
COVETRUS, INC. · CVET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Ludlow
Officer — See Remarks
Period of report
Feb 7, 2019
Accepted (ET)
Feb 19, 2019 · 5:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001752836
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 122,741 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $0.37 | holding | — | — | — | — | Apr 15, 2025 | Common Stock | 73,644 | — | D |
| Employee Stock Option (right to buy)F3 | $5.67 | holding | — | — | — | — | Jun 9, 2027 | Common Stock | 58,443 | — | D |
| Employee Stock Option (right to buy)F4 | $5.67 | holding | — | — | — | — | Jun 9, 2027 | Common Stock | 13,508 | — | D |
Explanation of responses
- F1Received in exchange for shares of Direct Vet Marketing, Inc. (d/b/a Vets First Choice) ("Vets First Choice") common stock pursuant to the Agreement and Plan of Merger, dated as of April 20, 2018, as amended, by and among Henry Schein, Inc., Covetrus, Inc., HS Merger Sub, Inc., Vets First Choice, and Shareholder Representative Services LLC, solely in its capacity as the representative of the Vets First Choice stockholders.
- F2The stock options were granted on April 15, 2015. The stock options vested and became exercisable as to 25% of the total shares on April 15, 2016 and thereafter, vest and become exercisable in 36 successive, equal monthly installments.
- F3The stock options were granted on June 9, 2017. The stock options vested and became exercisable as to 25% of the total shares on June 9, 2018 and thereafter, vest and become exercisable in 36 successive, equal monthly installments.
- F4The stock options were granted on June 9, 2017. The stock options vested and became exercisable as to 25% of the total shares on June 9, 2018 and thereafter, vest and become exercisable in 36 successive, equal monthly installments.
Remarks
Senior Vice President and Chief Transformation Officer Exhibit List Exhibit 24 - Power of Attorney