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INSULET CORP — Director's Dealing 2013
Jul 3, 2013
30258_dirs_2013-07-03_1cd3c079-75ca-49b4-9418-07c185a289cf.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INSULET CORP (PODD)
CIK: 0001145197
Period of Report: 2013-07-01
Reporting Person: Devlin Peter (Chief Commercial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-07-01 | Common Stock | M | 30000 | $8.30 | Acquired | 93081 | Direct |
| 2013-07-01 | Common Stock | S | 30000 | $31.4769 | Disposed | 63081 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-07-01 | Employee Stock Option (Right to Buy) | $8.30 | M | 30000 | Disposed | 2019-08-17 | Common Stock (30000) | Direct |
Footnotes
F1: Includes 6,667 restricted stock units granted on March 1, 2010 which vest on March 1, 2014; 16,500 restricted stock units granted on April 1, 2012 which vest one-third of the total units on April 1, 2014, one-third of the total units on April 1, 2015 and one-third of the total units on April 1, 2016; and 16,800 restricted stock units granted on March 1, 2013 which vest one-quarter of the total units on March 1, 2014, one-quarter of the total units on March 1, 2015, one-quarter of the total units on March 1, 2016 and one-quarter of the total units on March 1, 2017. Vested shares will be delivered to the reporting person as soon as practicable following a vesting date.
F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2012.
F3: The price reported represents the weighted average sale price of shares sold. The shares were sold at varing prices in the range of $31.26 to $31.99. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
F4: This option is subject to a four-year vesting period, with 25% of the total award vesting one year after the grant date and the remainder vesting in equal quarterly installments each quarter thereafter for 12 quarters, subject to continued employment.