Penumbra Inc — Director's Dealing 2017

Feb 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Penumbra Inc (PEN)
CIK: 0001321732
Period of Report: 2017-02-10

Reporting Person: Davis Daniel Donen (President, North America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-10	Common Stock	M	2200	$12.36	Acquired	46141	Direct
2017-02-10	Common Stock	S	200	$70.70	Disposed	45941	Direct
2017-02-10	Common Stock	S	1998	$72.05	Disposed	43943	Direct
2017-02-10	Common Stock	S	2	$72.40	Disposed	43941	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Stock Option (right to buy)	$12.36	M	2200	Disposed	2025-03-22	Common Stock (2200.0)	Direct

Footnotes

F1: A portion of these shares is subject to vesting.

F2: The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.

F3: This transaction was executed in multiple trades at prices ranging from $70.40 to $71.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4: This transaction was executed in multiple trades at prices ranging from $71.60 to $72.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F5: The original option grant vests over four years, with 25% of the shares vesting on January 26, 2016 and 1/48 vesting each month thereafter.