Penumbra Inc — Director's Dealing 2018

Jul 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Penumbra Inc (PEN)
CIK: 0001321732
Period of Report: 2018-07-26

Reporting Person: Davis Daniel Donen (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-26	Common Stock	M	7500	$12.36	Acquired	72787	Direct
2018-07-26	Common Stock	S	1003	$142.93	Disposed	71784	Direct
2018-07-26	Common Stock	S	3244	$144.10	Disposed	68540	Direct
2018-07-26	Common Stock	S	2080	$144.73	Disposed	66460	Direct
2018-07-26	Common Stock	S	977	$146.03	Disposed	65483	Direct
2018-07-26	Common Stock	S	196	$146.50	Disposed	65287	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-26	Stock Option (right to buy)	$12.36	M	7500	Disposed	2025-03-22	Common Stock (7500.0)	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 $142.48 to $143.35. 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 $143.48 to $144.45. 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: This transaction was executed in multiple trades at prices ranging from $144.50 to $145.43. 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.

F6: This transaction was executed in multiple trades at prices ranging from $145.70 to $146.30. 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.

F7: 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.