JONATHAN SIEGAL - 16 Feb 2022 Form 3 Insider Report for Vericel Corp (VCEL)

Role
Principal Accounting Officer
Signature
/s/ Sean Flynn, as Attorney-in-Fact for Jonathan Siegal
Issuer symbol
VCEL
Transactions as of
16 Feb 2022
Net transactions value
$0
Form type
3
Filing time
11 Mar 2022, 15:03:51 UTC
Next filing
11 Mar 2022
SEC
View on sec.gov

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
holding VCEL Stock Option (right to buy) 16 Feb 2022 Common Stock 56,875 $48.80 Direct F1
holding VCEL Restricted Stock Unit 16 Feb 2022 Common Stock 3,750 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options began vesting on September 30, 2021. On the first anniversary of the date of grant, September 30, 2022, 25% of the options shall vest and become exercisable, with the remaining 75% vesting in equal quarterly installments over three (3) years thereafter.
F2 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.
F3 These RSUs vest in four annual installments with the initial vesting of RSUs granted to the Reporting Person on September 30, 2022. The remaining RSUs will vest in annual installments on September 30, 2023, September 30, 2024, and September 30, 2025, respectively.
F4 No expiration date for this type of award.