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Vericel Corp — Director's Dealing 2022
Apr 29, 2022
31799_dirs_2022-04-29_805780b8-19cc-42f5-9ef8-91cc23608000.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: 2022-04-27
Reporting Person: ZERBE ROBERT L MD (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-27 | Common Stock | M | 2600 | — | Acquired | 4350 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-27 | Restricted Stock Unit | $ | M | 2600 | Disposed | Common Stock (2600) | Direct | |
| 2022-04-27 | Restricted Stock Unit | $ | A | 2600 | Acquired | Common Stock (2600) | Direct | |
| 2022-04-27 | Stock Option (right to buy) | $31.99 | A | 6500 | Acquired | 2032-04-27 | Common Stock (6500) | 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 28, 2021, the Reporting Person deferred the receipt of 2,600 shares of Common Stock and instead received 2,600 shares of Phantom Stock pursuant to the Company's Non-Employee Directors' Deferred Compensation Program.
F3: Each 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 28, 2022 or the date of the first Annual Meeting of Stockholders following April 28, 2021. The first Annual Meeting of Stockholders occurred on April 27, 2022.
F5: No expiration date for this type of award.
F6: These RSUs vest 100% on the earlier of April 27, 2023 or the date of the first Annual Meeting of Stockholders following April 27, 2022. Vested shares will be delivered to the Reporting Person following termination of service on the Company's Board of Directors.
F7: The option vests over a 1-year period, in equal monthly increments, contingent upon continued service to the Company.