Keith Valentine - Dec 31, 2021 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Role
Chief Executive Officer, Director
Signature
/s/ Paul Benny, Attorney-in-Fact for Keith C. Valentine
Stock symbol
SPNE
Transactions as of
Dec 31, 2021
Transactions value $
-$142,943
Form type
4
Date filed
1/4/2022, 08:20 PM
Previous filing
Jul 2, 2021
Next filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPNE Common Stock Other $9.15K +1.03K +0.34% $8.92 305K Dec 31, 2021 Direct F1, F2
transaction SPNE Common Stock Options Exercise +7.79K +2.55% 313K Jan 1, 2022 Direct F3
transaction SPNE Common Stock Options Exercise +12.2K +3.89% 325K Jan 1, 2022 Direct F3
transaction SPNE Common Stock Tax liability -$152K -11.2K -3.43% $13.62 314K Jan 1, 2022 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 -7.79K -100% $0.00* 0 Jan 1, 2022 Common Stock 7.79K Direct F3, F5
transaction SPNE Restricted Stock Units Options Exercise $0 -12.2K -50% $0.00 12.2K Jan 1, 2022 Common Stock 12.2K Direct F3, F6
* 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 January 1, 2022. No shares were sold in connection with this transaction.
F5 The reporting person was granted 23,365 restricted stock units on January 1, 2019, which vest in three equal installments on each of January 1, 2020, 2021, and 2022.
F6 The reporting person was granted 36,549 restricted stock units on January 1, 2020, which vest in three equal installments on each of January 1, 2021, 2022, and 2023.