Steven Eyl - Mar 7, 2022 Form 4 Insider Report for HESKA CORP (HSKA)

Signature
By: Catherine Grassman For: Steven M Eyl
Stock symbol
HSKA
Transactions as of
Mar 7, 2022
Transactions value $
-$193,195
Form type
4
Date filed
3/9/2022, 02:21 PM
Previous filing
Mar 2, 2022
Next filing
Mar 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSKA Common Stock Options Exercise +1.56K +7.42% 22.6K Mar 7, 2022 Direct F1
transaction HSKA Common Stock Award $0 +1.39K +6.14% $0.00 24K Mar 7, 2022 Direct F2
transaction HSKA Common Stock Tax liability -$193K -1.3K -5.4% $149.07 22.7K Mar 7, 2022 Direct 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 HSKA Performance Shares Options Exercise -1.56K -100% 0 Mar 7, 2022 Common Stock 1.56K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The vesting of each of three approximately equal performance share tranches is contingent on the achievement of certain market-vesting thresholds based on the price per share of Heska's common stock average over a 20-day trailing trading period. The first tranche vested on the later of the achievement of $87.21 per share and 3/7/2020. The second tranche is to vest at the later of the achievement of $101.17 per share or the third anniversary of grant date. The third tranche is to vest at the later of the achievement of $122.10 per share or the fourth anniversary of grant date. Any performance shares that do not vest by March 31, 2025 are to be forfeited.
F2 Represents shares issued upon vesting of performance shares based on the performance of the Company's stock price compared to that of the S&P 500 over a four year period.
F3 Shares withheld to fulfill minimum statutory tax withholding obligations associated with vesting of performance shares.