Lucas W. Buchanan - 20 May 2021 Form 4 Insider Report for Silk Road Medical Inc

Role
COO/CFO
Signature
/s/Mhairi Jones, by power of attorney
Issuer symbol
N/A
Transactions as of
20 May 2021
Net transactions value
-$258,612
Form type
4
Filing time
28 May 2021, 19:12:59 UTC
Previous filing
07 May 2021
Next filing
30 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SILK Common Stock Options Exercise $200,000 +10,000 +5.5% $20.00 191,772 26 May 2021 Direct F1
transaction SILK Common Stock Sale $475,572 -10,000 -5.2% $47.56 181,772 26 May 2021 Direct F1, F2
transaction SILK Common Stock Award $16,960 +420 +0.23% $40.38 182,192 20 May 2021 Direct F3
holding SILK Common Stock 13,518 20 May 2021 Buchanan Grandchildren's Irrevocable Trust F4

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 SILK Option (right to buy) Options Exercise $0 -10,000 -14% $0.000000 59,043 26 May 2021 Common Stock 10,000 $20.00 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sale reported on this Form 4 were effected pursuant to Rule 10b5-1 Trading Plan adopted by the reporting person on September 11, 2020.
F2 This transaction was executed in multiple trades at price ranging from $46.59 to $48.88. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 These shares were acquired under the Issuer's Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(c).
F4 These shares are held directly by the Buchanan Grandchildren's Irrevocable Trust, for which the Reporting Person serves as a co-trustee.
F5 One forty-eighth of the shares subject to the option shall vest on May 3, 2019 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.