KEITH BRADLEY - 05 Jan 2023 Form 4 Insider Report for SeaSpine Holdings Corp

Role
Director
Signature
/s/ Paul Benny, Attorney-in-Fact for Keith Bradley
Issuer symbol
N/A
Transactions as of
05 Jan 2023
Net transactions value
$0
Form type
4
Filing time
09 Jan 2023, 18:19:21 UTC
Previous filing
03 Jun 2022
Next filing
16 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPNE Common Stock Disposed to Issuer -88,592 -100% 0 05 Jan 2023 Direct F1

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 Stock Option (right to buy) Disposed to Issuer -58,559 -100% 0 05 Jan 2023 Common Stock 58,559 $15.68 Direct F2, F3
transaction SPNE Stock Option (right to buy) Disposed to Issuer -3,858 -100% 0 05 Jan 2023 Common Stock 3,858 $17.18 Direct F4, F5
transaction SPNE Stock Option (right to buy) Disposed to Issuer -13,920 -100% 0 05 Jan 2023 Common Stock 13,920 $9.99 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 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, in exchange for 36,880 Orthofix MedicalInc. ("Orthofix") ordinary shares having a market value of $22.76 per share at the effective time of the merger.
F2 The option vests as to 25% of the underlying shares on November 1, 2015 and the remaining 75% in three equal quarterly installments thereafter.
F3 This option was assumed by Orthofix in the merger and replaced with an option to purchase 24,378 shares of Orthofix at a price of $37.67 per share.
F4 The option vests as to 50% of the underlying shares on February 1, 2016 and as to 25% of the underlying shares on each of May 1, 2016 and August 1, 2016.
F5 This option was assumed by Orthofix in the merger and replaced with an option to purchase 1,606 shares of Orthofix at a price of $41.27 per share.
F6 The options vests in equal installments on each of September 7, 2016, December 7, 2016, March 7, 2016 and June 7, 2016.
F7 This option was assumed by Orthofix in the merger and replaced with an option to purchase 5,794 shares of Orthofix at a price of $24.00 per share.