Vericel Corp — Director's Dealing 2022

Mar 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2022-03-01

Reporting Person: Hopper Jonathan Mark (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-01	Common Stock	M	10000	$10.95	Acquired	55914	Direct
2022-03-01	Common Stock	S	10000	$41.406	Disposed	45914	Direct
2022-03-01	Common Stock	M	10000	$18	Acquired	55914	Direct
2022-03-01	Common Stock	S	6738	$41.462	Disposed	49176	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-01	Stock Option (right to buy)	$10.95	M	10000	Disposed	2028-08-20	Common Stock (10000)	Direct
2022-03-01	Stock Option (right to buy)	$18	M	10000	Disposed	2030-02-11	Common Stock (10000)	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 November 11, 2021.

F3: These options, representing the right to purchase 135,000 shares, became exercisable on August 20, 2019, 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.

F4: These options, representing the right to purchase 48,750 shares, became exercisable in quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 11, 2020.