Dennis Cirino - Jun 30, 2021 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Role: SVP, Global Spinal Systems
Signature: /s/ Paul Benny, Attorney-in-Fact for Dennis L. Cirino
Stock symbol: SPNE
Transactions as of: Jun 30, 2021
Transactions value $: -$71,134
Form type: 4
Date filed: 7/2/2021, 07:08 PM
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPNE	Common Stock	Other	$21.3K	+2.38K	+8.98%	$8.92	28.9K	Jun 30, 2021	Direct	F1, F2
transaction	SPNE	Common Stock	Options Exercise		+13.2K	+45.69%		42.1K	Jul 2, 2021	Direct	F3
transaction	SPNE	Common Stock	Tax liability	-$92.4K	-4.57K	-10.84%	$20.23	37.5K	Jul 2, 2021	Direct	F4

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	SPNE	Restricted Stock Units	Options Exercise	$0	-13.2K	-100%	$0.00^*	0	Jul 2, 2021	Common Stock	13.2K	$0.00	Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were acquired under the issuer's 2015 Employee Stock Purchase Plan (the "ESPP") in a transaction that was exempt under Rule 16b-3(c).
F2	In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on July 1, 2020.
F3	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F4	These shares were withheld by the issuer to satisfy statutory tax withholding requirements on vesting of restricted stock units that occurred on July 2, 2021. No shares were sold in connection with this transaction.
F5	The reporting person was granted 39,619 restricted stock units on July 2, 2018, which vest in three equal installments on each of July 2, 2019, 2020 and 2021.