JONATHAN SIEGAL - 18 Feb 2022 Form 4 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
18 Feb 2022
Net transactions value
$0
Form type
4
Filing time
11 Mar 2022, 15:06:59 UTC
Previous filing
11 Mar 2022
Next filing
04 Oct 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
transaction VCEL Stock Option (right to buy) Award $0 +4,198 $0.000000 4,198 18 Feb 2022 Common Stock 4,198 $34.90 Direct F1
transaction VCEL Restricted Stock Unit Award $0 +1,679 $0.000000 1,679 18 Feb 2022 Common Stock 1,679 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 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.
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 February 18, 2023. The remaining RSUs will vest in annual installments on February 18, 2024, February 18, 2025, and February 18, 2026, respectively.
F4 No expiration date for this type of award.