Keith Valentine - Feb 28, 2022 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
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 07:37 PM
Previous filing
Feb 1, 2022
Next filing
Jun 21, 2022

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 Award $0 +237K $0.00 237K Feb 28, 2022 Common Stock 237K Direct F1, F2
transaction SPNE Employee Stock Option (Right to Buy) Award $0 +31.9K $0.00 31.9K Feb 28, 2022 Common Stock 31.9K $15.00 Direct F3
* 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 restricted stock units vest in three equal installments on each of February 28, 2023, 2024 and 2025.
F3 The option vests as to 25% of the underlying shares on February 28, 2023 and the remaining 75% in twelve substantially equal quarterly installments thereafter.