TACTILE SYSTEMS TECHNOLOGY INC — Director's Dealing 2017

Aug 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK: 0001027838
Period of Report: 2017-08-11

Reporting Person: Mattys Gerald R. (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-11	Common Stock	M	15485	$0.51	Acquired	327885	Direct
2017-08-11	Common Stock	S	14985	$30.6665	Disposed	312900	Direct
2017-08-11	Common Stock	S	500	$31.248	Disposed	312400	Direct
2017-08-14	Common Stock	M	14515	$0.51	Acquired	326915	Direct
2017-08-14	Common Stock	S	2100	$31.3138	Disposed	324815	Direct
2017-08-14	Common Stock	S	9790	$32.3368	Disposed	315025	Direct
2017-08-14	Common Stock	S	2625	$33.0063	Disposed	312400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-11	Employee Stock Option (right to buy)	$0.51	M	15485	Disposed	2018-02-26	Common Stock (15485)	Direct
2017-08-14	Employee Stock Option (right to buy)	$0.51	M	14515	Disposed	2018-02-26	Common Stock (14515)	Direct

Footnotes

F1: Stock option exercise effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2017

F2: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2017.

F3: Reflects the weighted average price of 14,985 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 11, 2017 with sale prices ranging from $30.18 to $31.15 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: Reflects the weighted average price of 500 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 11, 2017 with sale prices ranging from $31.19 to $31.28 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F5: Reflects the weighted average price of 2,100 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 14, 2017 with sale prices ranging from $30.74 to $31.74 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F6: Reflects the weighted average price of 9,790 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 14, 2017 with sale prices ranging from $31.81 to $32.77 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F7: Reflects the weighted average price of 2,625 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on August 14, 2017 with sale prices ranging from $32.83 to $33.29 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F8: Fully vested.