DANIEL E. GREENLEAF - 08 Feb 2022 Form 4 Insider Report for ModivCare Inc (MODV)

Role
CEO and President, Director
Signature
/s/ Jonathan Bush by Power of Attorney
Issuer symbol
MODV
Transactions as of
08 Feb 2022
Net transactions value
$0
Form type
4
Filing time
10 Feb 2022, 20:09:21 UTC
Previous filing
17 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODV Common Stock Award $0 +9,170 +26% $0.000000 44,248 08 Feb 2022 Direct 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 MODV Employee Stock Option (Right to Buy) Award $0 +26,136 $0.000000 26,136 08 Feb 2022 Common Stock 26,136 $110.07 Direct F2
transaction MODV Performance Restricted Stock Units Award $0 +18,340 $0.000000 18,340 08 Feb 2022 Common Stock Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units scheduled to vest as follows: (1) 3,057 shares will vest on February 8, 2023, (2) 3,056 shares will vest on February 8, 2024 and (3) 3,057 shares will vest on February 8, 2025, in each case, subject to the reporting person's continued employment.
F2 Option becomes exercisable with respect to: (1) 8,712 shares on February 8, 2023, (2) 8,712 shares on February 8, 2024 and (3) 8,712 shares on February 8, 2025, in each case, subject to the reporting person's continued employment.
F3 Represents the contingent right to receive a number of shares of issuer common stock determined by multiplying the number of performance units by a percentage from 50% to 200% that corresponds to specified share price thresholds measured by reference to a volume-weighted average price (VWAP) of the issuer's common stock over a specified period of trading days prior to the expiration date of the award, subject to the reporting person's continued employment.