Vericel Corp — Director's Dealing 2018

May 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2018-05-10

Reporting Person: Orlando Daniel (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-10	Common Stock	S	1804	$13	Disposed	22210	Direct
2018-05-10	Common Stock	S	5000	$13.05	Disposed	17210	Direct
2018-05-10	Common Stock	S	500	$13.1	Disposed	16710	Direct
2018-05-10	Common Stock	S	500	$13	Disposed	16210	Direct
2018-05-10	Common Stock	S	1500	$13.05	Disposed	14710	Direct
2018-05-10	Common Stock	S	500	$13.05	Disposed	14210	Direct
2018-05-10	Common Stock	S	692	$13	Disposed	13518	Direct
2018-05-10	Common Stock	S	500	$13.05	Disposed	13018	Direct
2018-05-10	Common Stock	S	500	$13.1	Disposed	12518	Direct
2018-05-10	Common Stock	M	22687	$3.57	Acquired	35205	Direct
2018-05-10	Common Stock	S	2687	$13	Disposed	32518	Direct
2018-05-10	Common Stock	S	1000	$13.1	Disposed	31518	Direct
2018-05-10	Common Stock	S	15000	$13.05	Disposed	16518	Direct
2018-05-10	Common Stock	S	1000	$13	Disposed	15518	Direct
2018-05-10	Common Stock	S	2000	$13.05	Disposed	13518	Direct
2018-05-10	Common Stock	S	1000	$13.05	Disposed	12518	Direct
2018-05-14	Common Stock	M	35360	$3.02	Acquired	47878	Direct
2018-05-14	Common Stock	M	10313	$3.57	Acquired	58191	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-14	Stock Option (right to buy)	$3.57	M	10313	Disposed	2024-01-03	Common Stock (10313)	Direct
2018-05-14	Stock Option (right to buy)	$3.02	M	35360	Disposed	2025-01-05	Common Stock (35360)	Direct
2018-05-10	Stock Option (right to buy)	$3.57	M	22687	Disposed	2024-01-03	Common Stock (22687)	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 March 16, 2018.

F2: These options vest quarterly over four years commencing on the grant date, January 3, 2014

F3: These options vest quarterly over four years commencing on the grant date, January 5, 2015