Dennis Cirino - Jan 1, 2022 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
Jan 1, 2022
Transactions value $
-$70,592
Form type
4
Date filed
1/4/2022, 08:21 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 Options Exercise +3.42K +9.11% 41K Jan 1, 2022 Direct F1
transaction SPNE Common Stock Options Exercise +5.35K +13.06% 46.3K Jan 1, 2022 Direct F1
transaction SPNE Common Stock Tax liability -$70.6K -5.18K -11.19% $13.62 41.1K Jan 1, 2022 Direct 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 SPNE Restricted Stock Units Options Exercise $0 -3.42K -100% $0.00* 0 Jan 1, 2022 Common Stock 3.42K $0.00 Direct F1, F3
transaction SPNE Restricted Stock Units Options Exercise $0 -5.35K -50% $0.00 5.35K Jan 1, 2022 Common Stock 5.35K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F2 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.
F3 The reporting person was granted 10,264 restricted stock units on January 1, 2019, which vest in three equal installments on each of January 1, 2020, 2021 and 2022.
F4 The reporting person was granted 16,056 restricted stock units on January 1, 2020, which vest in three equal installments on each of January 1, 2021, 2022 and 2023.