Elizabeth Boland - May 13, 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
Stock symbol: BFAM
Transactions as of: May 13, 2021
Transactions value $: -$158,769
Form type: 4
Date filed: 5/17/2021, 04:59 PM
Next filing: Jun 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFAM	Common Stock	Options Exercise	$190K	+3K	+2.85%	$63.19	108K	May 13, 2021	Direct
transaction	BFAM	Common Stock	Tax liability	-$282K	-2.13K	-1.97%	$132.39	106K	May 13, 2021	Direct	F1
transaction	BFAM	Common Stock	Options Exercise	$403K	+4.18K	+3.94%	$96.46	110K	May 13, 2021	Direct
transaction	BFAM	Common Stock	Tax liability	-$470K	-3.55K	-3.22%	$132.39	107K	May 13, 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	-3K	-100%	$0.00^*	0	May 13, 2021	Common Stock	3K	$63.19	Direct	F2
transaction	BFAM	Option to Purchase Common Stock	Options Exercise	$0	-4.18K	-60%	$0.00	2.79K	May 13, 2021	Common Stock	4.18K	$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.