PETMED EXPRESS INC — Director's Dealing 2021

Aug 31, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PETMED EXPRESS INC (PETS)
CIK: 0001040130
Period of Report: 2021-08-30

Reporting Person: Hulett Mathew N (Director, CEO & President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	600000	Direct

Footnotes

F1: Includes (a) 90,000 shares of restricted stock ("RSU") under the Company's 2016 Employee Equity Compensation Restricted Stock Plan (the "2016 Plan"), which stock restrictions will lapse pro rata on each of August 30, 2022, August 30, 2023 and August 30, 2024, which are subject to forfeiture in the event of termination of employment (except as provided in the RSU agreement),and (b) 510,000 shares of performance restricted stock ("PSU") under the 2016 Plan, which stock restrictions will lapse on the third anniversary of the date of grant based on (i) achieving absolute stock price hurdles within the three-year period from the date of grant in accordance with attaining certain Company stock price hurdles between $40 and $60 per share, and (ii) continued employment through the performance period of three years from the date of grant (except as provided in the PSU agreement). Mr. Hulett retains voting rights over all the shares subject to forfeiture while in escrow.