Beau Standish - 05 Jan 2023 Form 4 Insider Report for SeaSpine Holdings Corp

Role
President, Enabling Tech
Signature
/s/Beau Standish, by Paul Benny, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
05 Jan 2023
Net transactions value
$0
Form type
4
Filing time
09 Jan 2023, 18:18:22 UTC
Previous filing
08 Nov 2022
SEC
View on sec.gov

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 Employee Stock Option (Right to Buy) Disposed to Issuer -100,000 -100% 0 05 Jan 2023 Common Stock 100,000 $19.99 Direct F1, F2
transaction SPNE Employee Stock Option (Right to Buy) Disposed to Issuer -14,108 -100% 0 05 Jan 2023 Common Stock 14,108 $15.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Beau Standish is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The option vests as to 25% of the underlying shares on January 1, 2023 and the remaining 75% in twelve substantially equal quarterly installments thereafter.
F2 Disposed of pursuant to the Agreement and Plan of Merger by and among the issuer, SeaSpine Holdings Corporation, which became effective on January 5, 2023. This option was assumed by Orthofix in the merger and replaced with an option to purchase 41,630 shares of Orthofix at a price of $48.02 per share.
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.
F4 This option was assumed by Orthofix in the merger and replaced with an option to purchase 5,873 shares of Orthofix at a price of $36.04 per share.