Elizabeth J. Boland - 13 May 2021 Form 4 Insider Report for BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM)

Role: Chief Financial Officer
Signature: /s/ John Casagrande, as attorney in fact for Elizabeth Boland
Issuer symbol: BFAM
Transactions as of: 13 May 2021
Net transactions value: -$158,769
Form type: 4
Filing time: 17 May 2021, 16:59:21 UTC
Next filing: 07 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFAM	Common Stock	Options Exercise	$189,570	+3,000	+2.9%	$63.19	108,118	13 May 2021	Direct
transaction	BFAM	Common Stock	Tax liability	$281,726	-2,128	-2%	$132.39	105,990	13 May 2021	Direct	F1
transaction	BFAM	Common Stock	Options Exercise	$403,106	+4,179	+3.9%	$96.46	110,169	13 May 2021	Direct
transaction	BFAM	Common Stock	Tax liability	$469,720	-3,548	-3.2%	$132.39	106,621	13 May 2021	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	BFAM	Option to Purchase Common Stock	Options Exercise	$0	-3,000	-100%	$0.000000^*	0	13 May 2021	Common Stock	3,000	$63.19	Direct	F2
transaction	BFAM	Option to Purchase Common Stock	Options Exercise	$0	-4,179	-60%	$0.000000	2,786	13 May 2021	Common Stock	4,179	$96.46	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Shares withheld to pay the exercise price of the options and the payment of taxes.
F2	The option to purchase shares is fully vested.
F3	The option to purchase 6,965 shares of common stock is vested as to 4,179 shares. The remaining 2,786 shares will be eligible to vest in two equal annual installments beginning on February 23, 2022.