David M. Stack - Jun 6, 2022 Form 4 Insider Report for Pacira BioSciences, Inc. (PCRX)

Signature
/s/ Kristen Williams, Attorney-in-Fact
Stock symbol
PCRX
Transactions as of
Jun 6, 2022
Transactions value $
-$1,561,998
Form type
4
Date filed
6/8/2022, 07:51 PM
Previous filing
May 2, 2022
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCRX Common Stock Sale -$734K -12K -7.12% $61.37 156K Jun 6, 2022 Direct F1
transaction PCRX Common Stock Sale -$416K -7.04K -4.51% $59.10 149K Jun 8, 2022 Direct F2, F3
transaction PCRX Common Stock Sale -$302K -5.01K -3.36% $60.33 144K Jun 8, 2022 Direct F2, F4
transaction PCRX Common Stock Sale -$78.6K -1.28K -0.89% $61.31 143K Jun 8, 2022 Direct F2, F5
transaction PCRX Common Stock Sale -$31K -501 -0.35% $61.96 142K Jun 8, 2022 Direct F2, F6
transaction PCRX Common Stock Award $0 +21.5K +15.11% $0.00 164K Jun 8, 2022 Direct F7
holding PCRX Common Stock 97.3K Jun 6, 2022 By Three Colleens Investment, LLC F8
holding PCRX Common Stock 18.6K Jun 6, 2022 By Stack Schroon Mohawk FLP F8
holding PCRX Common Stock 315 Jun 6, 2022 LCK Investment LLC F8

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 PCRX Stock Option (Right to Buy) Award $0 +161K $0.00 161K Jun 8, 2022 Common Stock 161K $59.39 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold by the reporting person to cover tax obligations upon the vesting of restricted stock units.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.79 to $59.73, inclusive. The reporting person undertakes to provide to the issuer, any shareholder of the issuer, 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 footnotes 3 through 6.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.83 to $60.82, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.840 to $61.825, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.89 to $62.24, inclusive.
F7 Represents restricted stock units that vest in four equal annual installments beginning on June 3, 2023, provided that the reporting person remains in continuous service with the issuer as of each vesting date. Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock.
F8 Mr. Stack and his wife are the owners of each of Three Colleens Investment, LLC and LCK Investment LLC. Mr. Stack is the general partner of Stack Schroon Mohawk FLP.
F9 The stock option vests and becomes exercisable as to 25% of the option shares on the first anniversary of the grant date, and vests as to the remaining shares in successive equal quarterly installments over the subsequent three years, provided that the reporting person remains in continuous service with the issuer as of each vesting date.