SEC Form 4 · accession 0001593968-18-001578
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
Dec 10, 2018
Accepted (ET)
Dec 12, 2018 · 4:06 pm EST
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 | Dec 10, 2018 | M | 10,000 | $1.95 | A | 160,960 | D | |
| Common Stock | Dec 10, 2018 | M | 5,625 | $2.65 | A | 166,585 | D | |
| Common StockF1 | Dec 10, 2018 | S | 10,000 | $16.81 | D | 156,585 | D | |
| Common StockF1 | Dec 10, 2018 | S | 5,625 | $16.81 | D | 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)F2 | $2.65 | Dec 10, 2018 | M | 5,625 | D | — | May 22, 2027 | Common Stock | 5,625 | 24,375 | D |
| Stock Option (right to buy)F3 | $1.95 | Dec 10, 2018 | M | 10,000 | D | — | Feb 9, 2026 | Common Stock | 10,000 | 25,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2018.
- F26.25% of these options, representing the right to purchase a total of 30,000 shares, became exercisable immediately on May 22, 2017. An additional 6.25% became exercisable on August 8, 2017 and continue to vest in equal quarterly installments from August 8, 2017, contingent upon the continued service to the Company.
- F3These options, representing the right to purchase a total of 80,000 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 9, 2016, which was one quarter after the date on which the option was granted.