Vericel Corp — Director's Dealing 2020

Jun 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2020-06-16

Reporting Person: Halpin Michael (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-16	Common Stock	M	2890	$2.65	Acquired	5624	Direct
2020-06-16	Common Stock	S	2890	$15	Disposed	2734	Direct
2020-06-16	Common Stock	S	1112	$15	Disposed	1622	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-16	Stock Option (right to buy)	$2.65	M	2890	Disposed	2027-04-10	VCEL (2890)	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 May 12, 2020.

F3: Each restricted stock unit represents the right to receive, at settlement, one common share of stock.

F4: These disposed shares were from an award that was granted on February 6, 2019. 1,875 restricted stock units subject to the award vested on February 6, 2020, and 1,875 restricted stock units are scheduled to vest on February 6, 2021, February 6, 2022, and February 6, 2023, contingent on continued service to the company.

F5: These options, representing the right to purchase 135,000 shares, became exercisable on April 10, 2018, the first anniversary of the date of grant, with 25% vesting and the remaining 75% vesting in equal quarterly installments over three years thereafter, contingent upon continued service to the Company.