Denise E. Pedulla - Mar 14, 2022 Form 4 Insider Report for Conformis Inc (CFMS)

Role: CLO & SECRETARY
Signature: Denise E. Pedulla
Stock symbol: CFMS
Transactions as of: Mar 14, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/23/2022, 04:22 PM
Next filing: Sep 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CFMS	Common Stock	Award	$0	+450K		$0.00	450K	Mar 14, 2022	Direct	F1

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	CFMS	Stock Option (right to buy)	Award	$0	+450K		$0.00	450K	Mar 14, 2022	Common Stock	450K	$0.61	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an inducement grant award of restricted stock units to the Reporting Person in connection with her appointment as CLO and Secretary. The restricted stock units vest over eight years, with the following schedule: 8%, 10%, 15%, 20%, 20%, 15%, 8% and 4% of the total number of shares vesting on each one-year anniversary of the grant date, subject to the Reporting Person's continued service as an employee of Conformis through the applicable vesting dates, and are subject to certain forfeiture provisions.
F2	Represents an inducement grant award of options to the Reporting Person in connection with her appointment as CLO and Secretary. The option to purchase an aggregate of 450,000 shares of Issuer's common stock vests over eight years, with the following schedule: 8%, 10%, 15%, 20%, 20%, 15%, 8% and 4% of the total number of shares underlying the option vesting on each one-year anniversary of the grant date, subject to the Reporting Person's continued service as an employee of Conformis through the applicable vesting dates, and are subject to the certain forfeiture provisions.

Content

Represents an inducement grant award of restricted stock units to the Reporting Person in connection with her appointment as CLO and Secretary. The restricted stock units vest over eight years, with the following schedule: 8%, 10%, 15%, 20%, 20%, 15%, 8% and 4% of the total number of shares vesting on each one-year anniversary of the grant date, subject to the Reporting Person's continued service as an employee of Conformis through the applicable vesting dates, and are subject to certain forfeiture provisions.

Represents an inducement grant award of options to the Reporting Person in connection with her appointment as CLO and Secretary. The option to purchase an aggregate of 450,000 shares of Issuer's common stock vests over eight years, with the following schedule: 8%, 10%, 15%, 20%, 20%, 15%, 8% and 4% of the total number of shares underlying the option vesting on each one-year anniversary of the grant date, subject to the Reporting Person's continued service as an employee of Conformis through the applicable vesting dates, and are subject to the certain forfeiture provisions.