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

Role
SVP, Orthobiologics and BD
Signature
/s/Paul Benny, Attorney-in-Fact for Tyler Lipschultz
Stock symbol
SPNE
Transactions as of
Jan 1, 2022
Transactions value $
-$65,390
Form type
4
Date filed
1/4/2022, 08:22 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 +3.56K +3.17% 116K Jan 1, 2022 Direct F1
transaction SPNE Common Stock Options Exercise +8.36K +7.21% 124K Jan 1, 2022 Direct F1
transaction SPNE Common Stock Tax liability -$65.4K -4.8K -3.86% $13.62 120K 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 -3.56K -100% $0.00* 0 Jan 1, 2022 Common Stock 3.56K Direct F1, F3
transaction SPNE Restricted Stock Units Options Exercise $0 -8.36K -50% $0.00 8.36K Jan 1, 2022 Common Stock 8.36K 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 10,691 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 25,086 restricted stock units on January 1, 2020, which vest in three equal installments on each of January 1, 2021, 2022 and 2023.