Alphatec Holdings, Inc. — Director's Dealing 2021

Feb 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alphatec Holdings, Inc. (ATEC)
CIK: 0001350653
Period of Report: 2021-02-23

Reporting Person: TULLIS JAMES L L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Common Stock	X	18337	$3.5	Acquired	150756	Direct
2021-02-23	Common Stock	S	3887	$16.51	Disposed	146869	Direct
2021-02-23	Common Stock	X	320325	$3.5	Acquired	636153	Indirect
2021-02-23	Common Stock	S	67906	$16.51	Disposed	568247	Indirect
2021-02-23	Common Stock	X	440973	$3.5	Acquired	1584776	Indirect
2021-02-23	Common Stock	S	93483	$16.51	Disposed	1491293	Indirect
2021-02-23	Common Stock	J	600000	—	Disposed	891293	Indirect
2021-02-23	Common Stock	J	131870	—	Acquired	248225	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Warrants (right to buy)	$3.5	X	18337	Disposed		Common Stock (18337)	Direct
2021-02-23	Warrants (right to buy)	$3.5	X	320325	Disposed		Common Stock (320325)	Indirect
2021-02-23	Warrants (right to buy)	$3.5	X	440973	Disposed		Common Stock (440973)	Indirect

Footnotes

F1: On February 23, 2021, the reporting person exercised warrants to purchase 18,337 shares of the issuer's common stock for $3.50 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 3,887 of the warrant shares to pay the exercise price and issuing to the reporting person 14,450 shares.

F2: On February 23, 2021, Tullis Growth Fund, L.P. exercised warrants to purchase 320,325 shares of the issuer's common stock for $3.50 per share. Tullis Growth Fund, L.P. paid the exercise price on a cashless basis, resulting in the issuer withholding 67,906 of the warrant shares to pay the exercise price and issuing to Tullis Growth Fund, L.P. 252,419 shares.

F3: On February 23, 2021, Tullis Dickerson Capital Focus III, LP exercised warrants to purchase 440,973 shares of the issuer's common stock for $3.50 per share. Tullis Dickerson Capital Focus III, LP paid the exercise price on a cashless basis, resulting in the issuer withholding 93,483 of the warrant shares to pay the exercise price and issuing to Tullis Dickerson Capital Focus III, LP 347,490 shares.

F4: On February 23, 2021, Tullis Dickerson Capital Focus III, LP distributed 600,000 shares to its limited partners on a pro rata basis. Tullis Dickerson Partners III, LLC received 131,870 shares in the distribution.

F5: Each Warrant is exercisable for one share of the issuer's common stock for a period of five years following the date that stockholder approval of the issuance of the Warrants was obtained. The stockholders approved such issuance on May 17, 2018.