Beau Standish - Jan 5, 2023 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Role
President, Enabling Tech
Signature
/s/Beau Standish, by Paul Benny, as Attorney-in-Fact
Stock symbol
SPNE
Transactions as of
Jan 5, 2023
Transactions value $
$0
Form type
4
Date filed
1/9/2023, 06:18 PM
Previous filing
Nov 8, 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 Employee Stock Option (Right to Buy) Disposed to Issuer -100K -100% 0 Jan 5, 2023 Common Stock 100K $19.99 Direct F1, F2
transaction SPNE Employee Stock Option (Right to Buy) Disposed to Issuer -14.1K -100% 0 Jan 5, 2023 Common Stock 14.1K $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.