Eric M. Levenhagen - 21 Mar 2022 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role
Chief Admin. Off., GC & Sec.
Signature
/s/ Rose Neale, as attorney-in-fact for Eric M. Levenhagen
Issuer symbol
SNCY
Transactions as of
21 Mar 2022
Net transactions value
-$509,761
Form type
4
Filing time
20 Apr 2022, 08:23:32 UTC
Previous filing
22 Feb 2022
Next filing
21 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNCY Common stock, par value $0.01 per share Options Exercise $107,458 +20,275 +1516% $5.30 21,612 14 Apr 2022 Direct
transaction SNCY Common stock, par value $0.01 per share Sale $36,768 -1,337 -6.2% $27.50 20,275 14 Apr 2022 Direct F1
transaction SNCY Common stock, par value $0.01 per share Options Exercise $5,183 +978 +4.8% $5.30 21,253 14 Apr 2022 Direct
transaction SNCY Common stock, par value $0.01 per share Sale $558,718 -20,275 -95% $27.56 978 14 Apr 2022 Direct F1, F2
transaction SNCY Common stock, par value $0.01 per share Sale $26,917 -978 -100% $27.52 0 14 Apr 2022 Direct F1, F3

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 SNCY Employee Stock Option (Right to Buy) Award $0 +49,571 +160% $0.000000 80,603 21 Mar 2022 Common Stock 49,571 $5.30 Direct F4
transaction SNCY Employee Stock Option (Right to Buy) Options Exercise $0 -20,275 -25% $0.000000 60,328 14 Apr 2022 Common Stock 20,275 $5.30 Direct F5
transaction SNCY Employee Stock Option (Right to Buy) Options Exercise $0 -978 -1.6% $0.000000 59,350 14 Apr 2022 Common Stock 978 $5.30 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.50 to $27.58, inclusive. The reporting person undertakes to provide to Sun Country Airlines Holdings, Inc. ("Sun Country"), any security holder of Sun Country, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.50 to $27.60, inclusive. The reporting person undertakes to provide to Sun Country, any security holder of Sun Country, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
F4 On November 21, 2018, the reporting person was granted an option to purchase 198,281 shares of common stock. The option vests in six installments based on Sun Country's satisfaction of certain performance criteria. The performance criteria for the first installment were met resulting in vesting of the option as to 49,571 shares on March 21, 2022.
F5 Grants may have a graded vesting schedule. Date Exercisable will vary for each vesting tranche.