Peter G. Edwards - Mar 8, 2022 Form 4 Insider Report for AZIYO BIOLOGICS, INC. (AZYO)

Role
GENERAL COUNSEL
Signature
/s/ Jeffrey Hamet, Attorney-in-Fact for Peter G. Edwards
Stock symbol
AZYO
Transactions as of
Mar 8, 2022
Transactions value $
$0
Form type
4
Date filed
3/10/2022, 07:33 PM
Previous filing
Sep 1, 2021
Next filing
Sep 12, 2022

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 AZYO Stock Option (Right to Buy) Award $0 +31K $0.00 31K Mar 8, 2022 Class A Common Stock 31K $5.08 Direct F1
transaction AZYO Restricted Stock Units Award $0 +8.7K $0.00 8.7K Mar 8, 2022 Class A Common Stock 8.7K Direct F2, F3
transaction AZYO Restricted Stock Units Award $0 +4.63K $0.00 4.63K Mar 8, 2022 Class A Common Stock 4.63K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests as to 25% of the shares on March 8, 2023 and in 12 equal quarterly installments thereafter, such that the option shall be fully vested and exercisable on March 8, 2026.
F2 Each restricted stock unit represents a contingent right to receive one share of Issuer Class A Common Stock.
F3 The restricted stock units vest if the Issuer's Class A Common Stock achieves a price per share equal to or greater than $10.00 for any period of thirty (30) consecutive trading days prior to March 8, 2024.
F4 The restricted stock units vest on September 8, 2022, subject to the Reporting Person's continuous employment with the Issuer through such vesting date.