Robert Zerbe - Apr 27, 2022 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Director
Signature
/s/ Sean Flynn, as Attorney-in-Fact for Robert Zerbe
Stock symbol
VCEL
Transactions as of
Apr 27, 2022
Transactions value $
$0
Form type
4
Date filed
4/29/2022, 04:18 PM
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCEL Common Stock Options Exercise +2.6K +148.57% 4.35K Apr 27, 2022 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 Restricted Stock Unit Options Exercise -2.6K -100% 0 Apr 27, 2022 Common Stock 2.6K Direct F2, F3, F4, F5
transaction VCEL Restricted Stock Unit Award $0 +2.6K $0.00 2.6K Apr 27, 2022 Common Stock 2.6K Direct F3, F5, F6
transaction VCEL Stock Option (right to buy) Award $0 +6.5K $0.00 6.5K Apr 27, 2022 Common Stock 6.5K $31.99 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units (RSUs) converted to phantom stock units and are deferred under the Company's Non-Employee Directors' Deferred Compensation Program. The units will be payable only in shares of Common Stock after the end of the Reporting Person's service on the Company's Board of Directors.
F2 Upon the vesting of RSUs granted to the Reporting Person on April 28, 2021, the Reporting Person deferred the receipt of 2,600 shares of Common Stock and instead received 2,600 shares of Phantom Stock pursuant to the Company's Non-Employee Directors' Deferred Compensation Program.
F3 Each RSU represents a contingent right to receive one share of common stock of Vericel Corporation.
F4 These RSUs vest 100% on the earlier of April 28, 2022 or the date of the first Annual Meeting of Stockholders following April 28, 2021. The first Annual Meeting of Stockholders occurred on April 27, 2022.
F5 No expiration date for this type of award.
F6 These RSUs vest 100% on the earlier of April 27, 2023 or the date of the first Annual Meeting of Stockholders following April 27, 2022. Vested shares will be delivered to the Reporting Person following termination of service on the Company's Board of Directors.
F7 The option vests over a 1-year period, in equal monthly increments, contingent upon continued service to the Company.