Vericel Corp — Director's Dealing 2020

May 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2020-04-29

Reporting Person: Wotton Paul K (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-29	Common Stock	M	1750	—	Acquired	1750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-29	Restricted Stock Unit	$	M	1750	Disposed		Common Stock (1750)	Direct
2020-04-29	Stock Option (right to buy)	$14.56	A	13125	Acquired	2030-04-29	Common Stock (13125)	Direct
2020-04-29	Restricted Stock Unit	$	A	1750	Acquired		Common Stock (1750)	Direct

Footnotes

F1: The shares of common stock were acquired by the Reporting Person as a result of the vesting of Restricted Stock Units granted to the Reporting Person on May 1, 2019.

F2: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.

F3: 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. The first Annual Meeting of Stockholders occurred on April 29, 2020.

F4: No expiration date for this type of award.

F5: The option vests over a 1-year period, in equal monthly increments, contingent upon continued service to the Company.

F6: These RSUs vest 100% on the earlier of April 29, 2021 or the date of the first Annual Meeting of Stockholders following April 29, 2020.