Patrick L. Keran - 01 Jan 2022 Form 4 Insider Report for SeaSpine Holdings Corp

Role
SVP, General Counsel
Signature
/s/ Paul Benny, Attorney-in-Fact for Patrick L. Keran
Issuer symbol
N/A
Transactions as of
01 Jan 2022
Net transactions value
-$69,748
Form type
4
Filing time
04 Jan 2022, 20:22:12 UTC
Next filing
09 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPNE Common Stock Options Exercise +3,375 +5.4% 65,328 01 Jan 2022 Direct F1, F2
transaction SPNE Common Stock Options Exercise +5,280 +8.1% 70,608 01 Jan 2022 Direct F1
transaction SPNE Common Stock Tax liability $69,748 -5,121 -7.3% $13.62 65,487 01 Jan 2022 Direct F3

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 -3,375 -100% $0.000000* 0 01 Jan 2022 Common Stock 3,375 Direct F1, F4
transaction SPNE Restricted Stock Units Options Exercise $0 -5,280 -50% $0.000000 5,280 01 Jan 2022 Common Stock 5,280 Direct F1, F5
* 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 The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares to the reporting person's former spouse as separate property following court approval of a divorce decree. The reporting person no longer reports as beneficially owned any securities owned by the reporting person's former spouse.
F3 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.
F4 The reporting person was granted 10,125 restricted stock units on January 1, 2019, which vest in three equal installments on each of January 1, 2020, 2021, and 2022.
F5 The reporting person was granted 15,839 restricted stock units on January 1, 2020, which vest in three equal installments on each of January 1, 2021, 2022, and 2023.