Vericel Corp — Director's Dealing 2019

May 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2019-05-01

Reporting Person: GILMAN STEVEN C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-01	Common Stock	M	7500	$2.76	Acquired	7500	Direct
2019-05-01	Common Stock	S	7500	$16.8126	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-01	Stock Option (right to buy)	$2.76	M	7500	Disposed	2026-05-04	Common Stock (7500)	Direct
2019-05-01	Stock Option (right to buy)	$16.62	A	13125	Acquired	2029-05-01	Common Stock (13125)	Direct
2019-05-01	Restricted Stock Unit	$	A	1750	Acquired		Common Stock (1750)	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 8, 2018.

F2: These options, representing the right to purchase a total of 15,000 shares, became exercisable in equal monthly installments, contingent upon continued service to the Company, with the first vesting date on June 4, 2016, which was one month after the date on which the option was granted.

F3: The option vests over a 1-year period, in equal monthly increments, contingent upon continued service to the Company.

F4: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.

F5: These RSUs vest 100% on the earlier of May 1, 2020 or the date of the first Annual Meeting of Stockholders following May 1, 2019.

F6: No expiration date for this type of award.