Patrick Keran - Jan 1, 2022 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Role
SVP, General Counsel
Signature
/s/ Paul Benny, Attorney-in-Fact for Patrick L. Keran
Stock symbol
SPNE
Transactions as of
Jan 1, 2022
Transactions value $
-$69,748
Form type
4
Date filed
1/4/2022, 08:22 PM
Next filing
Jan 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPNE Common Stock Options Exercise +3.38K +5.45% 65.3K Jan 1, 2022 Direct F1, F2
transaction SPNE Common Stock Options Exercise +5.28K +8.08% 70.6K Jan 1, 2022 Direct F1
transaction SPNE Common Stock Tax liability -$69.7K -5.12K -7.25% $13.62 65.5K Jan 1, 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 -3.38K -100% $0.00* 0 Jan 1, 2022 Common Stock 3.38K Direct F1, F4
transaction SPNE Restricted Stock Units Options Exercise $0 -5.28K -50% $0.00 5.28K Jan 1, 2022 Common Stock 5.28K 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.