Scott R. Ward - Aug 19, 2021 Form 4 Insider Report for Cardiovascular Systems Inc (CSII)

Role
Chairman and CEO, Director
Signature
/s/ Andrew Nick as Attorney-in-Fact for Scott R. Ward pursuant to Power of Attorney previously filed.
Stock symbol
CSII
Transactions as of
Aug 19, 2021
Transactions value $
-$999,907
Form type
4
Date filed
8/23/2021, 06:57 PM
Previous filing
Aug 17, 2021
Next filing
Aug 31, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSII Common Stock Disposed to Issuer $0 -27.8K -4.42% $0.00 602K Aug 19, 2021 Direct F1
transaction CSII Common Stock Tax liability -$1M -27.6K -4.59% $36.18 574K Aug 19, 2021 Direct F2

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
holding CSII Restricted Stock Units 34.3K Aug 19, 2021 Common Stock 34.3K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of performance-based restricted stock granted in August 2018 that have been forfeited based on the Company's three year total shareholder return for fiscal years 2019, 2020 and 2021 versus the Company's peer group.
F2 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the Company to withhold shares otherwise issuable upon vesting of the previously reported grant.
F3 Each restricted stock unit represents the right to receive a payment from the Company equal in value to the market price per share of the Company's common stock on the date of payment and shall be payable in cash or shares of Company common stock beginning six months following the termination of the reporting person's board membership.