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Vericel Corp — Director's Dealing 2021
Apr 30, 2021
31799_dirs_2021-04-30_f928de20-8d60-4ab8-8f1e-f728cfe245bc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2021-04-28
Reporting Person: ZERBE ROBERT L MD (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-04-28 | Common Stock | M | 1750 | — | Acquired | 1750 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-28 | Restricted Stock Unit | $ | M | 1750 | Disposed | Common Stock (1750) | Direct | |
| 2021-04-28 | Stock Option (right to buy) | $63.22 | A | 6500 | Acquired | 2031-04-28 | Common Stock (6500) | Direct |
| 2021-04-28 | Restricted Stock Unit | $ | A | 2600 | Acquired | Common Stock (2600) | Direct |
Footnotes
F1: The Restricted Stock Units (RSUs) converted to phantom stock units and are deferred under the Company's Non-Employee Directors' Deferred Compensation Program. The units will be payable only in shares of Common Stock after the end of the Reporting Person's service on the Company's Board of Directors.
F2: Upon the vesting of RSUs granted to the Reporting Person on April 29, 2020, the Reporting Person deferred the receipt of 1,750 shares of Common Stock and instead received 1,750 shares of Phantom Stock pursuant to the Company's Non-Employee Directors' Deferred Compensation Program.
F3: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.
F4: 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. The first Annual Meeting of Stockholders occurred on April 28, 2021.
F5: No expiration date for this type of award.
F6: The option vests over a 1-year period, in equal monthly increments, contingent upon continued service to the Company.
F7: These RSUs vest 100% on the earlier of April 28, 2022 or the date of the first Annual Meeting of Stockholders following April 28, 2021. Vested shares will be delivered to the Reporting Person following termination of service on the Company's Board of Directors.