Fred P. Lampropoulos - 10 Aug 2022 Form 4 Insider Report for MERIT MEDICAL SYSTEMS INC (MMSI)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Brian G. Lloyd, Attorney-in-Fact
Issuer symbol
MMSI
Transactions as of
10 Aug 2022
Net transactions value
-$1,109,714
Form type
4
Filing time
12 Aug 2022, 18:11:51 UTC
Previous filing
01 Mar 2022
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMSI Common Stock, No Par Value Options Exercise $802,500 +50,000 +5.1% $16.05* 1,027,764 10 Aug 2022 Direct
transaction MMSI Common Stock, No Par Value Options Exercise $96,300 +6,000 +155% $16.05* 9,859 10 Aug 2022 By spouse F1
transaction MMSI Common Stock, No Par Value Tax liability $1,823,837 -29,341 -2.9% $62.16 998,423 10 Aug 2022 Direct F2
transaction MMSI Common Stock, No Par Value Tax liability $184,677 -2,971 -30% $62.16 6,888 10 Aug 2022 By spouse F1, F3
holding MMSI Common Stock, No Par Value 96,357 10 Aug 2022 By 401(k) Plan
holding MMSI Common Stock, No Par Value 90 10 Aug 2022 By spouse as custodian for child 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 MMSI Non-qualified stock options (right to buy) Options Exercise $0 -50,000 -100% $0.000000* 0 10 Aug 2022 Common Stock 50,000 $16.05 Direct F4
transaction MMSI Non-qualified stock options (right to buy) Options Exercise $0 -6,000 -100% $0.000000* 0 10 Aug 2022 Common Stock 6,000 $16.05 By spouse F1, F5
holding MMSI Non-qualified stock options (right to buy) 200,000 10 Aug 2022 Common Stock 200,000 $28.20 Direct F6
holding MMSI Non-qualified stock options (right to buy) 6,000 10 Aug 2022 Common Stock 6,000 $28.20 By spouse F1, F7
holding MMSI Non-qualified stock options (right to buy) 38,002 10 Aug 2022 Common Stock 38,002 $44.80 Direct F8
holding MMSI Non-qualified stock options (right to buy) 4,000 10 Aug 2022 Common Stock 4,000 $44.80 By spouse F1, F9
holding MMSI Non-qualified stock options (right to buy) 159,151 10 Aug 2022 Common Stock 159,151 $55.73 Direct F10
holding MMSI Non-qualified stock options (right to buy) 2,000 10 Aug 2022 Common Stock 2,000 $55.73 By spouse F1, F11
holding MMSI Non-qualified stock options (right to buy) 100,334 10 Aug 2022 Common Stock 100,334 $37.71 Direct F12
holding MMSI Non-qualified stock options (right to buy) 58,083 10 Aug 2022 Common Stock 58,083 $56.25 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held by the spouse of the Reporting Person. The Reporting Person expressly disclaims beneficial ownership of the securities owned by his spouse.
F2 The Reporting Person surrendered 29,341 shares of common stock to the Issuer for payroll taxes and payment of the option price. No shares were sold in the open market.
F3 The Reporting Person's spouse surrendered 2,971 shares of common stock to the Issuer for payroll taxes and payment of the option price. No shares were sold in the open market.
F4 Became exercisable in equal annual installments of 20% commencing 1/28/2017.
F5 Original grant of 7,500 options was to become vested and exercisable in equal annual installments of 20% commencing 1/28/2017. Options not vested as of 6/22/2020 have been forfeited.
F6 Becomes exercisable in equal annual installments of 20% commencing 4/14/2018.
F7 Original grant of 10,000 options was to become vested and exercisable in equal annual installments of 20% commencing 4/14/2018. Options not vested as of 6/22/2020 have been forfeited.
F8 Becomes exercisable in equal annual installments of 20% commencing 3/2/2019.
F9 Original grant of 10,000 options was to become vested and exercisable in equal annual installments of 20% commencing 3/2/2019. Options not vested as of 6/22/2020 have been forfeited.
F10 Becomes exercisable in equal annual installments of 20% commencing 3/1/2020.
F11 Original grant of 10,000 options was to become vested and exercisable in equal annual installments of 20% commencing 3/1/2020. Options not vested as of 6/22/2020 have been forfeited.
F12 Becomes exercisable in equal annual installments of 25% commencing 2/26/2021.
F13 Becomes exercisable in equal annual installments of 25% commencing 3/19/2022.