Michael Halpin - Aug 16, 2021 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Chief Operating Officer
Signature
/s/ Sean Flynn, as Attorney-in-Fact for Michael Halpin
Stock symbol
VCEL
Transactions as of
Aug 16, 2021
Transactions value $
-$680,730
Form type
4
Date filed
8/18/2021, 04:05 PM
Previous filing
Jul 14, 2021
Next filing
Oct 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCEL Common Stock Options Exercise $39.8K +15K +266.76% $2.65* 20.6K Aug 16, 2021 Direct F1
transaction VCEL Common Stock Sale -$720K -15K -72.73% $48.03 5.62K Aug 16, 2021 Direct F1, F2

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 Stock Option (right to buy) Options Exercise $0 -15K -55.43% $0.00 12.1K Aug 16, 2021 Common Stock 15K $2.65 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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).
F2 The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 7, 2021.
F3 These options, representing the right to purchase 135,000 shares, became exercisable on April 10, 2018, the first anniversary of the date of grant, with 25% vesting and the remaining 75% vesting in equal quarterly installments over three years thereafter, contingent upon continued service to the Company.