Catherine Grassman - Mar 7, 2022 Form 4 Insider Report for HESKA CORP (HSKA)

Role: EVP, CFO
Signature: Catherine Grassman
Stock symbol: HSKA
Transactions as of: Mar 7, 2022
Transactions value $: -$81,243
Form type: 4
Date filed: 3/9/2022, 02:24 PM
Previous filing: Mar 2, 2022
Next filing: Jun 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HSKA	Common Stock	Options Exercise		+656	+7.42%		9.5K	Mar 7, 2022	Direct	F1
transaction	HSKA	Common Stock	Tax liability	-$81.2K	-545	-5.74%	$149.07	8.95K	Mar 7, 2022	Direct	F2
transaction	HSKA	Common Stock	Award	$0	+584	+6.52%	$0.00	9.54K	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		-656	-100%		0	Mar 7, 2022	Common Stock	656		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	Shares withheld to fulfill minimum statutory tax withholding obligations associated with vesting of performance shares.
F3	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.