SEC Form 4 · accession 0001593968-19-000610
Vericel Corp · VCEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven C Gilman
Director
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 4:01 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 | Feb 28, 2019 | M | 7,500 | $2.76 | A | 7,500 | D | |
| Common StockF1 | Feb 28, 2019 | S | 7,500 | $18.0172 | D | 0 | 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 | $2.76 | Feb 28, 2019 | M | 7,500 | D | — | May 4, 2026 | Common Stock | 7,500 | 7,500 | 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 8, 2018.
- F2These options, representing the right to purchase a total of 15,000 shares, became exercisable in equal monthly installments, contingent upon continued service to the Company, with the first vesting date on June 4, 2016, which was one month after the date on which the option was granted.