Brian Davis - Mar 21, 2022 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role
Chief Marketing Officer & SVP
Signature
/s/ Eric Levenhagen, as attorney-in-fact for Brian Davis
Stock symbol
SNCY
Transactions as of
Mar 21, 2022
Transactions value $
-$22,589
Form type
4
Date filed
4/21/2022, 04:49 PM
Previous filing
Mar 21, 2022
Next filing
Mar 25, 2022

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 $5.3K +1K +74.79% $5.30 2.34K Apr 20, 2022 Direct
transaction SNCY Common Stock, par value $0.01 per share Sale -$27.9K -1K -42.79% $27.89 1.34K Apr 20, 2022 Direct F1, 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
transaction SNCY Employee Stock Option (Right to Buy) Award $0 +49.6K +67.88% $0.00 123K Mar 21, 2022 Common Stock 49.6K $5.30 Direct F3, F4
transaction SNCY Employee Stock Option (Right to Buy) Options Exercise $0 -1K -0.84% $0.00 118K Apr 20, 2022 Common Stock 1K $5.30 Direct F4
* 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 $27.44 tp $28.23, 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 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.
F4 Grants may have a graded vesting schedule. Date Exercisable will vary for each vesting tranche.