Christopher K. Scott - Dec 7, 2021 Form 4 Insider Report for IRADIMED CORP (IRMD)

Signature
/s/ Christopher K. Scott
Stock symbol
IRMD
Transactions as of
Dec 7, 2021
Transactions value $
-$81,866
Form type
4
Date filed
12/9/2021, 08:37 PM
Previous filing
Dec 8, 2021
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRMD Common Stock Options Exercise +1.58K +5.18% 32K Dec 7, 2021 Direct F1
transaction IRMD Common Stock Tax liability -$29.9K -620 -1.94% $48.27 31.3K Dec 7, 2021 Direct
transaction IRMD Common Stock Options Exercise +2.73K +8.72% 34.1K Dec 7, 2021 Direct F1
transaction IRMD Common Stock Tax liability -$51.9K -1.08K -3.16% $48.27 33K Dec 7, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IRMD Restricted Stock Units Award $0 +4.14K $0.00 4.14K Dec 7, 2021 Common Stock 4.14K Direct F2, F3
transaction IRMD Performance-Based Restricted Stock Units Award $0 +4.14K $0.00 4.14K Dec 7, 2021 Common Stock 4.14K Direct F2, F4, F5, F6
transaction IRMD Restricted Stock Units Options Exercise $0 -1.58K -50% $0.00 1.58K Dec 7, 2021 Common Stock 1.58K Direct F1, F7
transaction IRMD Restricted Stock Units Options Exercise $0 -2.73K -33.34% $0.00 5.46K Dec 7, 2021 Common Stock 2.73K Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Each restricted stock unit represents a contingent right to receive one share of Iradimed Corporation's common stock.
F3 The reporting person received restricted stock units under Iradimed Corporation's 2014 Equity Incentive Plan. The restricted stock units vest in full on the third anniversary of the grant date, December 7, 2024. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
F4 The reporting person received performance-based restricted stock units ("PRSUs") under Iradimed Corporation's 2014 Equity Incentive Plan. Vesting of these PRSUs depends on the reporting person's achievement of a specified relative ranking of total stockholder return over a three-year period from December 8, 2021 through December 7, 2024.
F5 If the relative measure at December 7, 2024 and for the three-year period then ended is: (i) less than or equal to 80% of the peer group, no vesting would occur, (ii) between 80% and 100% of the peer group, the number of shares vesting would be pro-rata against the nominal granted shares, (iii) equal to 100% of the peer group, the number of shares vesting would be the nominal granted shares, (iv) between 100% and 120% of the peer group, the number of shares vesting would be pro-rata against an additional tranche of nominal granted shares plus the nominal granted shares, and (v) if 120% or greater of the peer group, the number of shares vesting will be double the nominal granted shares.
F6 Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of PRSUs that have vested.
F7 On December 7, 2019, The reporting person received restricted stock units under Iradimed Corporation's 2014 Equity Incentive Plan. The restricted stock units vest in four equal annual installments beginning on December 7, 2020. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
F8 On December 7, 2020, The reporting person received restricted stock units under Iradimed Corporation's 2014 Equity Incentive Plan. The restricted stock units vest in four equal annual installments beginning on December 7, 2021. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.