Sean C. Flynn - 27 Aug 2021 Form 4 Insider Report for Vericel Corp (VCEL)

Role
VP, General Counsel
Signature
/s/ Sean Flynn
Issuer symbol
VCEL
Transactions as of
27 Aug 2021
Net transactions value
-$279,760
Form type
4
Filing time
31 Aug 2021, 16:10:08 UTC
Previous filing
23 Jul 2021
Next filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCEL Common Stock Options Exercise $117,000 +7,200 +298% $16.25 9,619 27 Aug 2021 Direct F1
transaction VCEL Common Stock Sale $396,760 -7,200 -75% $55.11 2,419 27 Aug 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 -7,200 -5.2% $0.000000 130,000 27 Aug 2021 Common Stock 7,200 $16.25 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 13, 2021.
F3 These options, representing the right to purchase 150,000 shares, became exercisable on November 4, 2020, 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.