TACTILE SYSTEMS TECHNOLOGY INC — Director's Dealing 2019

May 14, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK: 0001027838
Period of Report: 2019-05-10

Reporting Person: Folkes Robert J. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-10	Common Stock	F	1739	$55.49	Disposed	107415	Direct
2019-05-13	Common Stock	M	2500	$0.96	Acquired	109915	Direct
2019-05-13	Common Stock	S	1574	$53.2523	Disposed	108341	Direct
2019-05-13	Common Stock	S	926	$54.39920	Disposed	107415	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-13	Employee Stock Option (right to buy)	$0.96	M	2500	Disposed	2023-10-13	Common Stock (2500)	Direct

Footnotes

F1: Consists entirely of shares of stock withheld by the issuer to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.

F2: Stock option exercise effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2018.

F3: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2018.

F4: Reflects the weighted average price of 1,574 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 13, 2019 with sale prices ranging from $52.925 to $53.64 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 926 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 13, 2019 with sale prices ranging from $54.07 to $54.89 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.