Vericel Corp — Director's Dealing 2020

Apr 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2020-04-01

Reporting Person: MICHEL GERARD J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-01	Common Stock	M	10000	$1.95	Acquired	172708	Direct
2020-04-01	Common Stock	M	58519	$3.02	Acquired	231227	Direct
2020-04-01	Common Stock	M	4375	$2.75	Acquired	235602	Direct
2020-04-01	Common Stock	M	3090	$7.2	Acquired	238692	Direct
2020-04-01	Common Stock	M	1875	$2.65	Acquired	240567	Direct
2020-04-01	Common Stock	M	7673	$2.75	Acquired	248240	Direct
2020-04-01	Common Stock	M	5625	$2.65	Acquired	253865	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-01	Stock Option (right to buy)	$1.95	M	10000	Disposed	2026-02-09	Common Stock (10000)	Direct
2020-04-01	Stock Option (right to buy)	$2.75	M	4375	Disposed	2027-02-08	Common Stock (4375)	Direct
2020-04-01	Stock Option (right to buy)	$3.02	M	58519	Disposed	2025-01-05	Common Stock (58519)	Direct
2020-04-01	Stock Option (right to buy)	$7.20	M	3090	Disposed	2028-02-07	Common Stock (3090)	Direct
2020-04-01	Stock Option (right to buy)	$2.65	M	1875	Disposed	2027-05-22	Common Stock (1875)	Direct
2020-04-01	Stock Option (right to buy)	$2.75	M	7673	Disposed	2027-02-08	Common Stock (7673)	Direct
2020-04-01	Stock Option (right to buy)	$2.65	M	5625	Disposed	2027-05-22	Common Stock (5625)	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: These options, representing the right to purchase a total of 80,000 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 9, 2016, 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.

F4: These transactions relate to the 70,000 stock options granted to Mr. Michel on February 8, 2017. The remaining beneficially owned stock option (right to buy) after both transactions is 17,500.

F5: 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.

F6: These options, representing the right to purchase a total of 100,000 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 7, 2018, which was one quarter after the date on which the option was granted.

F7: 6.25% of these options, representing the right to purchase a total of 30,000 shares, became exercisable immediately on May 22, 2017. An additional 6.25% became exercisable on August 8, 2017 and continue to vest in equal quarterly installments from August 8, 2017, contingent upon the continued service to the Company.

F8: These transaction relate to the 30,000 stock options granted to Mr. Michel on May 22, 2017. The remaining beneficially owned stock option (right to buy) after both transactions is 7,500.