SEC Form 4 · accession 0000784199-16-000203
ARTIVION, INC. · AORT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Gale
Officer — VP, Research & Development
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 5:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000784199
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2016 | A | 7,353 | $10.24 | A | 61,605 | D | |
| Common StockF2 | Feb 19, 2016 | A | 9,564 | $0.00 | A | 71,169 | D | |
| Common StockF3 | Feb 19, 2016 | F | 1,594 | $10.24 | D | 69,575 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $10.24 | Feb 19, 2016 | A | 20,713 | A | Feb 19, 2017 | Feb 19, 2022 | Common Stock | 20,713 | 20,713 | D |
Explanation of responses
- F1Represents share of restricted stock that vest on the third anniversary of the grant date if the reporting person remains in the continuous employ of the Company.
- F2Represents performance stock units granted on February 19, 2015 and earned at approximately 129.3% of target based on 2015 adjusted EBITDA. Fifty percent (50%) or 4,782 shares vested and were issued on February 19, 2016. The remaining 4,782 shares earned in connection with the February 2015 grant will vest and be issued as follows: 50% on 02/19/2017, and 50% on 02/19/2018, assuming continued employment on the relevant vesting date.
- F3These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.
- F4Stock option vests 33 1/3% per year beginning on the first anniversary of the grant date.