Vericel Corp — Director's Dealing 2018

Dec 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2018-12-10

Reporting Person: MICHEL GERARD J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-10	Common Stock	M	10000	$1.95	Acquired	160960	Direct
2018-12-10	Common Stock	M	5625	$2.65	Acquired	166585	Direct
2018-12-10	Common Stock	S	10000	$16.81	Disposed	156585	Direct
2018-12-10	Common Stock	S	5625	$16.81	Disposed	150960	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-10	Stock Option (right to buy)	$2.65	M	5625	Disposed	2027-05-22	Common Stock (5625)	Direct
2018-12-10	Stock Option (right to buy)	$1.95	M	10000	Disposed	2026-02-09	Common Stock (10000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2018.

F2: 6.25% of these options, representing the right to purchase a total of 30,000 shares, became exercisable immediately on May 22, 2017. An additional 6.25% became exercisable on August 8, 2017 and continue to vest in equal quarterly installments from August 8, 2017, contingent upon the continued service to the Company.

F3: These options, representing the right to purchase a total of 80,000 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 9, 2016, which was one quarter after the date on which the option was granted.