Fred P. Lampropoulos - 25 Aug 2023 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
25 Aug 2023
Net transactions value
-$3,531,285
Form type
4
Filing time
29 Aug 2023, 18:08:44 UTC
Previous filing
16 Mar 2023
Next filing
06 Mar 2024
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 $5,640,000 +200,000 +21% $28.20 1,167,916 25 Aug 2023 Direct
transaction MMSI Common Stock, No Par Value Options Exercise $169,200 +6,000 +87% $28.20 12,888 25 Aug 2023 By spouse F1
transaction MMSI Common Stock, No Par Value Tax liability $9,094,570 -135,356 -12% $67.19 1,032,560 25 Aug 2023 Direct F2
transaction MMSI Common Stock, No Par Value Tax liability $245,915 -3,660 -28% $67.19 9,228 25 Aug 2023 By spouse F1, F3
holding MMSI Common Stock, No Par Value 97,083 25 Aug 2023 By 401(k) Plan
holding MMSI Common Stock, No Par Value 90 25 Aug 2023 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 -200,000 -100% $0.000000* 0 25 Aug 2023 Common Stock 200,000 $28.20 Direct F4
transaction MMSI Non-qualified stock options (right to buy) Options Exercise $0 -6,000 -100% $0.000000* 0 25 Aug 2023 Common Stock 6,000 $28.20 By spouse F1, F5
holding MMSI Non-qualified stock options (right to buy) 38,002 25 Aug 2023 Common Stock 38,002 $44.80 Direct F6
holding MMSI Non-qualified stock options (right to buy) 4,000 25 Aug 2023 Common Stock 4,000 $44.80 By spouse F1, F7
holding MMSI Non-qualified stock options (right to buy) 159,151 25 Aug 2023 Common Stock 159,151 $55.73 Direct F8
holding MMSI Non-qualified stock options (right to buy) 2,000 25 Aug 2023 Common Stock 2,000 $55.73 By spouse F1, F9
holding MMSI Non-qualified stock options (right to buy) 100,334 25 Aug 2023 Common Stock 100,334 $37.71 Direct F10
holding MMSI Non-qualified stock options (right to buy) 58,083 25 Aug 2023 Common Stock 58,083 $56.25 Direct F11
holding MMSI Non-qualified stock options (right to buy) 54,302 25 Aug 2023 Common Stock 54,302 $70.58 Direct F12
* 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 135,356 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 3,660 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 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 Becomes exercisable in equal annual installments of 20% commencing 3/2/2019.
F7 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.
F8 Becomes exercisable in equal annual installments of 20% commencing 3/1/2020.
F9 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.
F10 Becomes exercisable in equal annual installments of 25% commencing 2/26/2021.
F11 Becomes exercisable in equal annual installments of 25% commencing 3/19/2022.
F12 Becomes exercisable in equal annual installments of 25% commencing 2/28/2024.