Fred P. Lampropoulos - Feb 28, 2023 Form 4 Insider Report for MERIT MEDICAL SYSTEMS INC (MMSI)

Signature
/s/ Brian G. Lloyd, Attorney-in-Fact
Stock symbol
MMSI
Transactions as of
Feb 28, 2023
Transactions value $
-$2,292,762
Form type
4
Date filed
3/2/2023, 07:18 PM
Previous filing
Aug 12, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMSI Common Stock, No Par Value Award $0 +27.2K +2.72% $0.00 1.03M Feb 28, 2023 Direct F1
transaction MMSI Common Stock, No Par Value Tax liability -$849K -12K -1.17% $70.58 1.01M Feb 28, 2023 Direct F2
transaction MMSI Common Stock, No Par Value Sale -$104K -1.48K -0.15% $70.17 1.01M Mar 1, 2023 Direct F3
transaction MMSI Common Stock, No Par Value Sale -$1.34M -19.2K -1.89% $69.86 993K Mar 2, 2023 Direct F4
holding MMSI Common Stock, No Par Value 96.8K Feb 28, 2023 By 401(k) Plan F5
holding MMSI Common Stock, No Par Value 90 Feb 28, 2023 By spouse as custodian for child F6
holding MMSI Common Stock, No Par Value 6.89K Feb 28, 2023 By spouse

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) Award $0 +54.3K $0.00 54.3K Feb 28, 2023 Common Stock 54.3K $70.58 Direct F7
holding MMSI Non-qualified stock options (right to buy) 200K Feb 28, 2023 Common Stock 200K $28.20 Direct F8
holding MMSI Non-qualified stock options (right to buy) 6K Feb 28, 2023 Common Stock 6K $28.20 By spouse F9, F10
holding MMSI Non-qualified stock options (right to buy) 38K Feb 28, 2023 Common Stock 38K $44.80 Direct F11
holding MMSI Non-qualified stock options (right to buy) 4K Feb 28, 2023 Common Stock 4K $44.80 By spouse F10, F12
holding MMSI Non-qualified stock options (right to buy) 159K Feb 28, 2023 Common Stock 159K $55.73 Direct F13
holding MMSI Non-qualified stock options (right to buy) 2K Feb 28, 2023 Common Stock 2K $55.73 By spouse F10, F14
holding MMSI Non-qualified stock options (right to buy) 100K Feb 28, 2023 Common Stock 100K $37.71 Direct F15
holding MMSI Non-qualified stock options (right to buy) 58.1K Feb 28, 2023 Common Stock 58.1K $56.25 Direct F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired upon a determination of the Company's Compensation and Talent Development Committee and Board of Directors that certain conditions had been met for the issuance of such shares pursuant to performance stock units that were granted on 02.26.2020 and 03.19.2021.
F2 These shares were not sold in an open-market transaction.
F3 The price reported in Column 4 of Table 1 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.44 inclusive. The Reporting Person undertakes to provide to Merit Medical Systems, Inc., any security holder of Merit Medical Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 The price reported in Column 4 of Table 1 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.6 to $70.1 inclusive. The Reporting Person undertakes to provide to Merit Medical Systems, Inc., any security holder of Merit Medical Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F5 Represents plan holdings as of 01/31/2023.
F6 Represents securities held by the spouse of the Reporting Person. The Reporting Person expressly disclaims beneficial ownership of the securities owned by his spouse.
F7 Becomes exercisable in equal annual installments of 25% commencing 02/28/2024.
F8 Becomes exercisable in equal annual installments of 20% commencing 4/14/2018.
F9 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.
F10 Represents securities held by the spouse of the Reporting Person. The Reporting Person expressly disclaims beneficial ownership of the securities owned by his spouse.
F11 Becomes exercisable in equal annual installments of 20% commencing 3/2/2019.
F12 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.
F13 Becomes exercisable in equal annual installments of 20% commencing 3/1/2020.
F14 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.
F15 Becomes exercisable in equal annual installments of 25% commencing 2/26/2021.
F16 Becomes exercisable in equal annual installments of 25% commencing 3/19/2022.