Michael S. Iskra - May 27, 2022 Form 4 Insider Report for QuidelOrtho Corp (QDEL)

Role
Chief Commercial Officer
Signature
/s/ Phillip S. Askim, attorney-in-fact for Michael S. Iskra
Stock symbol
QDEL
Transactions as of
May 27, 2022
Transactions value $
$0
Form type
4
Date filed
6/1/2022, 05:34 PM
Previous filing
May 25, 2021
Next filing
Jun 3, 2022

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 QDEL Stock Options Award $0 +22K $0.00 22K May 27, 2022 Common Stock 22K $59.53 Direct F1, F2
transaction QDEL Stock Options Award $0 +16.8K $0.00 16.8K May 27, 2022 Common Stock 16.8K $119.06 Direct F1, F3
transaction QDEL Restricted Stock Units Award $0 +15.8K $0.00 15.8K May 27, 2022 Common Stock 15.8K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Business Combination Agreement, dated as of December 22, 2021 (the "Business Combination Agreement") by and among Quidel Corporation, Ortho Clinical Diagnostics Holdings plc ("Ortho"), QuidelOrtho Corporation ("QuidelOrtho"), Orca Holdco, Inc., Laguna Merger Sub, Inc. and Orca Holdco 2, Inc., each Ortho stock option was converted into a Stock Option to purchase shares of common stock of QuidelOrtho on the same terms and conditions (including applicable vesting conditions), except as adjusted by the Business Combination Agreement.
F2 Vested in full.
F3 9,804 shares are vested in full; 7,005 shares will vest on July 1, 2022.
F4 Each restricted stock unit represents the right to receive one share of QuidelOrtho common stock.
F5 Pursuant to the Business Combination Agreement, each Ortho restricted stock unit was converted into a restricted stock unit representing the right to receive shares of common stock of QuidelOrtho on the same terms and conditions (including applicable vesting conditions), except as adjusted by the Business Combination Agreement.
F6 15,825 shares will vest on April 1, 2023.