TACTILE SYSTEMS TECHNOLOGY INC — Director's Dealing 2017

May 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK: 0001027838
Period of Report: 2017-05-11

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
2017-05-11	Common Stock	S	325000	$21.25	Acquired	4480688	Indirect

Footnotes

F1: The shares were sold as follows: 295,564 shares by Galen Partners V, L.P. ("Galen V"), 25,236 shares by Galen Partners International V, L.P. ("Galen International V") and 4,197 shares by Galen Management, LLC ("Galen Management").

F2: 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.

F3: Includes 4,074,866 shares held of record by Galen V, 347,964 shares held of record by Galen International V and 57,858 shares held of record by Galen Management.