TACTILE SYSTEMS TECHNOLOGY INC — Director's Dealing 2017

Sep 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK: 0001027838
Period of Report: 2017-09-15

Reporting Person: Galen Partners V LP (10% Owner)
Reporting Person: Galen Partners International V LP (10% Owner)
Reporting Person: Galen Management, LLC (10% Owner)
Reporting Person: Galen Partners V, L.L.C. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-15	Common Stock	S	2794500	$31.02	Disposed	907736	Indirect

Footnotes

F1: The securities were sold to the underwriters by the Reporting Persons in connection with a secondary offering of the Issuer's common stock as follows: 2,541,397 shares by Galen Partners V, L.P. ("Galen V"), 217,018 shares by Galen Partners International V, L.P. ("Galen International V") and 36,085 shares by Galen Management, LLC ("Galen Management").

F2: Represents the price per share at which the Reporting Persons sold the shares to the underwriters in connection with the secondary offering.

F3: Galen Partners V, L.L.C. serves as the sole general partner of Galen V and Galen International V and has sole voting and investment control over the shares held by such funds and may be deemed to beneficially own the shares held by such funds. Each of the Reporting Person disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.

F4: Includes 825,520 shares held of record by Galen LP, 70,493 shares held of record by Galen International V and 11,723 shares held of record by Galen Management.