James L. Cunniff - 01 Jul 2023 Form 4 Insider Report for Electromed, Inc. (ELMD)

Role
CEO and President, Director
Signature
/s/ Joshua L. Colburn, Attorney-in-Fact
Issuer symbol
ELMD
Transactions as of
01 Jul 2023
Net transactions value
$0
Form type
4
Filing time
05 Jul 2023, 19:21:37 UTC
Next filing
22 Nov 2023
SEC
View on sec.gov

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 ELMD Employee Stock Option (right to buy) Award $0 +175,000 $0.000000 175,000 01 Jul 2023 Common Stock 175,000 $10.71 Direct F1
transaction ELMD Performance Stock Units Award $0 +87,500 $0.000000 87,500 01 Jul 2023 Common Stock 87,500 Direct F2
transaction ELMD Performance Stock Units Award $0 +87,500 $0.000000 87,500 01 Jul 2023 Common Stock 87,500 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercisable with respect to 43,750 shares on September 30, 2024, and in twelve substantially equal increments on the last day of each subsequent quarter.
F2 Each performance stock unit represents a contingent right to receive one share of common stock upon achieving a total shareholder return in excess of 50% as of the end of any fiscal quarter on or before the expiration date, calculated using three-month volume-weighted average closing prices in accordance with the underlying agreement.
F3 Each performance stock unit represents a contingent right to receive one share of common stock upon achieving a total shareholder return in excess of 100% as of the end of any fiscal quarter on or before the expiration date, calculated using three-month volume-weighted average closing prices in accordance with the underlying agreement.