Fred P. Lampropoulos - Mar 14, 2023 Form 4 Insider Report for MERIT MEDICAL SYSTEMS INC (MMSI)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Brian G. Lloyd, Attorney-in-Fact
Stock symbol
MMSI
Transactions as of
Mar 14, 2023
Transactions value $
-$1,705,052
Form type
4
Date filed
3/16/2023, 06:01 PM
Previous filing
Mar 2, 2023
Next filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMSI Common Stock, No Par Value Sale -$357K -5.28K -0.53% $67.66 988K Mar 14, 2023 Direct F1
transaction MMSI Common Stock, No Par Value Sale -$1.35M -19.7K -1.99% $68.43 968K Mar 14, 2023 Direct F2
holding MMSI Common Stock, No Par Value 97.1K Mar 14, 2023 By 401(k) Plan F3
holding MMSI Common Stock, No Par Value 6.89K Mar 14, 2023 By spouse
holding MMSI Common Stock, No Par Value 90 Mar 14, 2023 By spouse as custodian for child

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
holding MMSI Non-qualified stock options (right to buy) 200K Mar 14, 2023 Common Stock 200K $28.20 Direct F4
holding MMSI Non-qualified stock options (right to buy) 6K Mar 14, 2023 Common Stock 6K $28.20 By spouse F5, F6
holding MMSI Non-qualified stock options (right to buy) 38K Mar 14, 2023 Common Stock 38K $44.80 Direct F7
holding MMSI Non-qualified stock options (right to buy) 4K Mar 14, 2023 Common Stock 4K $44.80 By spouse F6, F8
holding MMSI Non-qualified stock options (right to buy) 159K Mar 14, 2023 Common Stock 159K $55.73 Direct F9
holding MMSI Non-qualified stock options (right to buy) 2K Mar 14, 2023 Common Stock 2K $55.73 By spouse F6, F10
holding MMSI Non-qualified stock options (right to buy) 100K Mar 14, 2023 Common Stock 100K $37.71 Direct F11
holding MMSI Non-qualified stock options (right to buy) 58.1K Mar 14, 2023 Common Stock 58.1K $56.25 Direct F12
holding MMSI Non-qualified stock options (right to buy) 54.3K Mar 14, 2023 Common Stock 54.3K $70.58 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 $67.00 to $67.99 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.
F2 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 $68.00 to $68.75 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.
F3 Represents plan holdings as of 3/14/2023.
F4 Becomes exercisable in equal annual installments of 20% commencing 4/14/2018.
F5 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.
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 20% commencing 3/2/2019.
F8 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.
F9 Becomes exercisable in equal annual installments of 20% commencing 3/1/2020.
F10 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.
F11 Becomes exercisable in equal annual installments of 25% commencing 2/26/2021.
F12 Becomes exercisable in equal annual installments of 25% commencing 3/19/2022.
F13 Becomes exercisable in equal annual installments of 25% commencing 2/28/2024.