Eric M. Levenhagen - 21 Sep 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 Sep 2022
Net transactions value
+$78,822
Form type
4
Filing time
23 Sep 2022, 17:33:46 UTC
Previous filing
13 Jun 2022
Next filing
05 Oct 2022
SEC
View on sec.gov

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 $78,822 +14,872 +1487200% $5.30 14,873 21 Sep 2022 Common Stock 14,872 $5.30 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 second installment were met resulting in vesting of the option as to 14,872 shares on September 19, 2022.
F2 Certain sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. Other grants may have a graded vesting schedule. Date Exercisable will vary for each vesting tranche.