Grover N. Wray - 08 Feb 2022 Form 4 Insider Report for ModivCare Inc (MODV)

Role
Chief Human Resources Officer
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, 20:14:31 UTC
Previous filing
29 Oct 2021
Next filing
31 Oct 2022
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 +1,499 +341% $0.000000 1,939 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 +4,586 $0.000000 4,586 08 Feb 2022 Common Stock 4,586 $110.07 Direct F2
transaction MODV Performance Restricted Stock Units Award $0 +2,998 $0.000000 2,998 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) 500 shares will vest on February 8, 2023, (2) 499 shares will vest on February 8, 2024 and (3) 500 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) 1,529 shares on February 8, 2023, (2) 1,528 shares on February 8, 2024 and (3) 1,529 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.