Joseph Mara - Feb 18, 2022 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
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
2/22/2022, 03:04 PM
Previous filing
Jan 4, 2022
Next filing
Feb 13, 2023

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 +11K $0.00 11K Feb 18, 2022 Common Stock 11K Direct F1, F2, F3
transaction VCEL Stock Option (right to buy) Award $0 +2.87K $0.00 2.87K Feb 18, 2022 Common Stock 2.87K $34.90 Direct F4
transaction VCEL Stock Option (right to buy) Award $0 +61.4K $0.00 61.4K Feb 18, 2022 Common Stock 61.4K $34.90 Direct F4
* 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 four annual installments with the initial vesting of RSUs granted to the Reporting Person on February 18, 2023. The remaining RSUs will vest in annual installments on February 18, 2024, February 18, 2025, and February 18, 2026, respectively.
F3 No expiration date for this type of award.
F4 These options shall begin vesting on February 18, 2022 and shall continue to vest and become exercisable in equal quarterly installments over the course of the following four (4) year period.