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
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 $5.64M +200K +20.66% $28.20 1.17M 25 Aug 2023 Direct
transaction MMSI Common Stock, No Par Value Options Exercise $169K +6K +87.11% $28.20 12.9K 25 Aug 2023 By spouse F1
transaction MMSI Common Stock, No Par Value Tax liability -$9.09M -135K -11.59% $67.19 1.03M 25 Aug 2023 Direct F2
transaction MMSI Common Stock, No Par Value Tax liability -$246K -3.66K -28.4% $67.19 9.23K 25 Aug 2023 By spouse F1, F3
holding MMSI Common Stock, No Par Value 97.1K 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 -200K -100% $0.00* 0 25 Aug 2023 Common Stock 200K $28.20 Direct F4
transaction MMSI Non-qualified stock options (right to buy) Options Exercise $0 -6K -100% $0.00* 0 25 Aug 2023 Common Stock 6K $28.20 By spouse F1, F5
holding MMSI Non-qualified stock options (right to buy) 38K 25 Aug 2023 Common Stock 38K $44.80 Direct F6
holding MMSI Non-qualified stock options (right to buy) 4K 25 Aug 2023 Common Stock 4K $44.80 By spouse F1, F7
holding MMSI Non-qualified stock options (right to buy) 159K 25 Aug 2023 Common Stock 159K $55.73 Direct F8
holding MMSI Non-qualified stock options (right to buy) 2K 25 Aug 2023 Common Stock 2K $55.73 By spouse F1, F9
holding MMSI Non-qualified stock options (right to buy) 100K 25 Aug 2023 Common Stock 100K $37.71 Direct F10
holding MMSI Non-qualified stock options (right to buy) 58.1K 25 Aug 2023 Common Stock 58.1K $56.25 Direct F11
holding MMSI Non-qualified stock options (right to buy) 54.3K 25 Aug 2023 Common Stock 54.3K $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.