Patrick Miles - Nov 2, 2022 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Signature
/s/ Patrick Miles
Stock symbol
ATEC
Transactions as of
Nov 2, 2022
Transactions value $
$0
Form type
4
Date filed
11/4/2022, 05:48 PM
Previous filing
Aug 9, 2022
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Award $0 +359K +6.78% $0.00 5.66M Nov 2, 2022 Direct F1
holding ATEC Common Stock 10.9K Nov 2, 2022 By IRA
holding ATEC Common Stock 250K Nov 2, 2022 By MOM, LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 13, 2019, issuer granted the reporting person an incentive award (the "Award") equal to 312,500 times the publicly traded stock price for issuer's common stock at market close on May 13, 2023, which was due and payable to the reporting person in cash on May 14, 2023; provided that the publicly traded stock price for issuer's common stock at market close on May 13, 2023 is equal to or greater than $6.18 per share (representing a 50% increase in the price per share as of the initial grant date). On November 2, 2022, issuer approved an amendment to the Award which: (i) converts the Award from cash payment to payment in fully vested shares of issuer's common stock, subject to satisfaction of the original closing stock price condition; (ii) extends the payment date for the Award to June 30, 2023; and (iii) sets the number of shares of issuer's common stock subject to the Award at 359,375.