Vericel Corp — Director's Dealing 2019

Jun 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2019-06-10

Reporting Person: MICHEL GERARD J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-10	Common Stock	M	8750	$2.75	Acquired	131422	Direct
2019-06-10	Common Stock	M	8750	$3.02	Acquired	140172	Direct
2019-06-10	Common Stock	S	8750	$15.7154	Disposed	131422	Direct
2019-06-10	Common Stock	S	8750	$15.5272	Disposed	122672	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-10	Stock Option (right to buy)	$3.02	M	8750	Disposed	2025-01-05	Common Stock (8750)	Direct
2019-06-10	Stock Option (right to buy)	$2.75	M	8750	Disposed	2027-02-08	Common Stock (8750)	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: 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.

F3: These options, representing the right to purchase a total of 70,000 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 8, 2017, which was one quarter after the date on which the option was granted.