Vincent D. Kelly - Mar 2, 2023 Form 4 Insider Report for Spok Holdings, Inc (SPOK)

Role
President & CEO, Director
Signature
/s/ VINCENT D. KELLY
Stock symbol
SPOK
Transactions as of
Mar 2, 2023
Transactions value $
$174,914
Form type
4
Date filed
3/3/2023, 03:00 PM
Previous filing
Jan 4, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPOK Common Stock Options Exercise $319K +34.3K +11.34% $9.30 336K Mar 2, 2023 Vincent DePaul Kelly, Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust F1
transaction SPOK Common Stock Tax liability -$144K -15.5K -4.59% $9.30 321K Mar 2, 2023 Vincent DePaul Kelly, Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust

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 SPOK Restricted Stock Units Options Exercise $0 -34.3K -11.62% $0.00 261K Mar 2, 2023 Common Stock 34.3K Vincent DePaul Kelly, Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust F1, F2
transaction SPOK Restricted Stock Tax liability $0 -6.62K -2.54% $0.00 254K Mar 2, 2023 Common Stock 6.62K Vincent DePaul Kelly, Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 2, 2020, Mr. Kelly was granted an award of Restricted Stock Units ("RSUs"), which vest in the form of Common Stock if specified performance objectives of the Company set forth in the 2020 Long Term Incentive Plan ("LTIP") are achieved for the year ending December 31, 2022. On March 2, 2023, shares were issued upon vesting of the RSUs.
F2 Each Restricted Stock Units ("RSUs") represents a contingent right to receive one share of the issuer's Common Stock.
F3 On March 2, 2023, 6,624 shares were forfeited due to performance criteria of the 2020 LTIP not being met.