SEC Form 4 · accession 0001209191-16-139780
Orthofix Medical Inc. · OFIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Finegan
Officer — Chief Strategy Officer
Period of report
Sep 1, 2016
Accepted (ET)
Sep 2, 2016 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884624
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 1, 2016 | M | 10,000 | $28.95 | A | 51,670 | D | |
| Common Stock | Sep 1, 2016 | M | 10,000 | $23.49 | A | 61,670 | D | |
| Common Stock | Sep 1, 2016 | M | 5,000 | $18.44 | A | 66,670 | D | |
| Common StockF1 | Sep 1, 2016 | S | 25,000 | $45.16 | D | 41,670 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $28.95 | Sep 1, 2016 | M | 10,000 | D | — | Jun 30, 2018 | Common Stock | 10,000 | 10,000 | D |
| Stock OptionF3 | $23.49 | Sep 1, 2016 | M | 10,000 | D | — | Aug 19, 2018 | Common Stock | 10,000 | 0 | D |
| Stock OptionF4 | $18.44 | Sep 1, 2016 | M | 5,000 | D | — | Feb 23, 2019 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.15 to $45.20, inclusive. The reporting person undertakes to provide to Orthofix International, N.V., any security holder of Orthofix International N.V., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4
- F2These stock options vested in 1/3rd increments on each of the first, second, and third anniversaries of the grant date, June 30, 2008.
- F3These stock options vested in 1/3rd increments on each of the first, second, and third anniversaries of the grant date, August 19, 2008.
- F4These stock options vested in 1/3rd increments on each of the first, second, and third anniversaries of the grant date, February 23, 2009.