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Vericel Corp — Director's Dealing 2019
Jul 17, 2019
31799_dirs_2019-07-17_4f15a28f-38bc-4d97-83a6-4e2b14d72299.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2019-07-15
Reporting Person: MICHEL GERARD J (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-07-15 | Common Stock | M | 17000 | $3.02 | Acquired | 140182 | Direct |
| 2019-07-15 | Common Stock | S | 17000 | $19.6811 | Disposed | 123182 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-07-15 | Stock Option (right to buy) | $3.02 | M | 17000 | Disposed | 2025-01-05 | Common Stock (17000) | Direct |
Footnotes
F1: These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F2: 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.
F3: These options, representing the right to purchase a total of 180,000 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on April 5, 2015, which was one quarter after the date on which the option was granted.