Mathew N. Hulett - 30 Aug 2021 Form 3 Insider Report for PETMED EXPRESS INC (PETS)

Role: CEO & President, Director
Signature: /s/ Matt N. Hulett
Issuer symbol: PETS
Transactions as of: 30 Aug 2021
Net transactions value: $0
Form type: 3
Filing time: 31 Aug 2021, 17:11:15 UTC
Next filing: 07 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PETS	Common Stock						600,000	30 Aug 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (a) 90,000 shares of restricted stock ("RSU") under the Company's 2016 Employee Equity Compensation Restricted Stock Plan (the "2016 Plan"), which stock restrictions will lapse pro rata on each of August 30, 2022, August 30, 2023 and August 30, 2024, which are subject to forfeiture in the event of termination of employment (except as provided in the RSU agreement),and (b) 510,000 shares of performance restricted stock ("PSU") under the 2016 Plan, which stock restrictions will lapse on the third anniversary of the date of grant based on (i) achieving absolute stock price hurdles within the three-year period from the date of grant in accordance with attaining certain Company stock price hurdles between $40 and $60 per share, and (ii) continued employment through the performance period of three years from the date of grant (except as provided in the PSU agreement). Mr. Hulett retains voting rights over all the shares subject to forfeiture while in escrow.

Content

Includes (a) 90,000 shares of restricted stock ("RSU") under the Company's 2016 Employee Equity Compensation Restricted Stock Plan (the "2016 Plan"), which stock restrictions will lapse pro rata on each of August 30, 2022, August 30, 2023 and August 30, 2024, which are subject to forfeiture in the event of termination of employment (except as provided in the RSU agreement),and (b) 510,000 shares of performance restricted stock ("PSU") under the 2016 Plan, which stock restrictions will lapse on the third anniversary of the date of grant based on (i) achieving absolute stock price hurdles within the three-year period from the date of grant in accordance with attaining certain Company stock price hurdles between $40 and $60 per share, and (ii) continued employment through the performance period of three years from the date of grant (except as provided in the PSU agreement). Mr. Hulett retains voting rights over all the shares subject to forfeiture while in escrow.