SEC Form 4 · accession 0001179110-18-010244
Vericel Corp · VCEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerard J Michel
Officer — CFO and VP, Corp. Development
Period of report
Aug 3, 2018
Accepted (ET)
Aug 3, 2018 · 2:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887359
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 3, 2018 | M | 45,000 | $4.36 | A | 83,479 | D | |
| Common Stock | Aug 3, 2018 | M | 67,481 | $3.02 | A | 150,960 | 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)F1 | $4.36 | Aug 3, 2018 | M | 45,000 | A | Jun 11, 2015 | Jun 11, 2024 | Common Stock | 45,000 | 0 | D |
| Stock Option (right to buy)F2 | $3.02 | Aug 3, 2018 | M | 67,481 | A | Apr 5, 2015 | Jan 5, 2025 | Common Stock | 67,481 | 112,519 | D |
Explanation of responses
- F1These options, representing a right to purchase a total of 45,000 shares, were granted on June 11, 2014, with 25% becoming exercisable on June 11, 2015 and 75% becoming exercisable in twelve equal quarterly installments.
- F2The options, representing a right to purchase a total of 180,000 shares, became exercisable in equal quarterly installments following January 5, 2015, which was the date on which the option was granted.