Lisa Wright - Jun 1, 2021 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Director
Signature
/s/ Sean Flynn, Attorney-in-Fact for Lisa Wright
Stock symbol
VCEL
Transactions as of
Jun 1, 2021
Transactions value $
$0
Form type
4
Date filed
6/3/2021, 04:15 PM
Next filing
Apr 29, 2022

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 VCEL Restricted Stock Unit Award $0 +1.3K $0.00 1.3K Jun 1, 2021 Common Stock 1.3K Direct F1, F2, F3
transaction VCEL Stock Option (right to buy) Award $0 +3.25K $0.00 3.25K Jun 1, 2021 Common Stock 3.25K $56.49 Direct F4
transaction VCEL Stock Option (right to buy) Award $0 +5.88K $0.00 5.88K Jun 1, 2021 Common Stock 5.88K $56.49 Direct F5
transaction VCEL Restricted Stock Unit Award $0 +2.35K $0.00 2.35K Jun 1, 2021 Common Stock 2.35K Direct F1, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.
F2 These RSUs vest in equal annual installments over three years, beginning on June 1, 2021.
F3 No expiration date for this type of award.
F4 These options, representing the right to purchase a total of 3,250 shares, shall vest and become exercisable in equal monthly installments over three years, beginning on June 1, 2021, contingent upon continued service to the Company.
F5 These options, representing the right to purchase a total of 5,877 shares, shall vest and become exercisable in equal monthly installments beginning on June 1, 2021, and shall become fully vested and exercisable on the earlier of the date of the Company's next annual meeting of shareholders or April 27, 2022, contingent upon continued service to the Company.
F6 These RSUs shall vest on the earlier of June 1, 2022 or the date of the Company's next annual meeting of shareholders, contingent upon continued service to the Company.