TACTILE SYSTEMS TECHNOLOGY INC — Director's Dealing 2017

May 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK: 0001027838
Period of Report: 2017-05-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-19	Common Stock	M	20000	$0.51	Acquired	332400	Direct
2017-05-19	Common Stock	S	6685	$23.2834	Disposed	325715	Direct
2017-05-19	Common Stock	S	8056	$24.0298	Disposed	317659	Direct
2017-05-19	Common Stock	S	5259	$24.8575	Disposed	312400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-19	Employee Stock Option (right to buy)	$0.51	M	20000	Disposed	2018-02-26	Common Stock (20000)	Direct

Footnotes

F1: Includes 5,000 shares acquired on May 15, 2017 pursuant to the issuer's employee stock purchase plan.

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 6,685 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 19, 2017 with sale prices ranging from $22.56 to $23.56 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 8,056 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 19, 2017 with sale prices ranging from $23.57 to $24.51 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 5,259 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 19, 2017 with sale prices ranging from $24.59 to $25.02 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: Fully vested.