Kirtley C. Stephenson - Jan 5, 2023 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Role
Director
Signature
/s/ Paul Benny, Attorney-in-Fact for Kirtley C. Stephenson
Stock symbol
SPNE
Transactions as of
Jan 5, 2023
Transactions value $
$0
Form type
4
Date filed
1/9/2023, 06:21 PM
Previous filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPNE Common Stock Disposed to Issuer -129K -100% 0 Jan 5, 2023 Direct F1
transaction SPNE Common Stock Disposed to Issuer -9.7K -100% 0 Jan 5, 2023 By Trust F2

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 -117K -100% 0 Jan 5, 2023 Common Stock 117K $15.68 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kirtley C. Stephenson 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 53,552 Orthofix Medical Inc. ("Orthofix") ordinary shares having a market value of $22.76 per share at the effective time of the merger.
F2 Disposed of in the merger in exchange for 4,038 Orthofix ordinary shares having a market value of $22.76 per share at the effective time of the merger.
F3 The option vests in four equal installments on each of November 1, 2015, February 1, 2016, May 1, 2016 and August 1, 2016.
F4 This option was assumed by Orthofix in the merger and replaced with an option to purchase 48,755 shares of Orthofix at a price of $37.67 per share.