Beau Standish - Nov 8, 2022 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Signature
/s/Beau Standish, by Paul Benny, as Attorney-in-Fact
Stock symbol
SPNE
Transactions as of
Nov 8, 2022
Transactions value $
$0
Form type
4
Date filed
11/8/2022, 05:48 PM
Previous filing
Jul 15, 2022
Next filing
Jan 9, 2023

Transactions Table

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 Class B common shares of 7D Surgical ULC Conversion of derivative security $0 -255K -100% $0.00* 0 Nov 8, 2022 Common Stock 255K $0.00 Held by 2837165 Ontario Inc. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 7D Surgical ULC (the Canadian Sub) is an unlimited liability company incorporated under the laws of the Province of British Columbia and wholly owned subsidiary of SeaSpine Holdings Corporation (SeaSpine). The exchangeable shares of the Canadian Sub are exchangeable on a 1:1 basis for shares of common stock of SeaSpine, subject to customary adjustments. SeaSpine may require all outstanding exchangeable shares to be exchanged upon the occurrence of certain events and at any time following May 20, 2026. While outstanding, holders of exchangeable shares will be entitled to receive dividends economically equivalent to the dividends declared by SeaSpine with respect to SeaSpine's common stock, but will not be entitled to cast votes on matters for which holders of the SeaSpine's common stock are entitled to vote. The holder of the exchangeable shares may exchange them at any time.
F2 No expiration date.