Joseph Mara - Jun 30, 2021 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Chief Financial Officer
Signature
/s/ Sean Flynn, as Attorney-in-Fact for Joseph Mara
Stock symbol
VCEL
Transactions as of
Jun 30, 2021
Transactions value $
-$271,635
Form type
4
Date filed
7/2/2021, 04:14 PM
Next filing
Oct 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCEL Common Stock Options Exercise $0 +4K +132.36% $0.00 7.02K Jun 30, 2021 Direct F1, F2
transaction VCEL Common Stock Tax liability -$61.6K -1.17K -16.72% $52.50 5.85K Jun 30, 2021 Direct F2, F3

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 Options Exercise -$210K -4K -33.33% $52.50 8K Jun 30, 2021 Common Stock 4K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of common stock were acquired by the Reporting Person as a result of the vesting of Restricted Stock Units (RSUs) granted to the Reporting Person on January 25, 2021. The remaining RSUs will vest in quarterly installments on September 30, 2021, and December 31, 2021, respectively.
F2 These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F3 These shares were withheld by the Issuer to satisfy the tax withholding requirements in connection with the vesting of Restricted Stock Units.
F4 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.
F5 The shares of common stock were acquired by the Reporting Person as a result of the vesting of RSUs granted to the Reporting Person on January 25, 2021. The remaining RSUs will vest in quarterly installments on September 30, 2021, and December 31, 2021, respectively.
F6 No expiration date for this type of award.