David M. Davis - Mar 19, 2022 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role: President & CFO, Director
Signature: /s/ Eric Levenhagen, as attorney-in-fact for David M. Davis
Stock symbol: SNCY
Transactions as of: Mar 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/13/2022, 05:03 PM
Previous filing: Sep 24, 2021
Next filing: Sep 23, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNCY	Common stock, par value $0.01 per share	Award	$0	+16.6K		$0.00	16.6K	Jun 9, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNCY	Employee Stock Option (Right to Buy)	Award	$0	+99.1K	+159.74%	$0.00	161K	Mar 19, 2022	Common stock	99.1K	$5.30	Direct	F1
transaction	SNCY	Employee Stock Option (Right to Buy)	Award	$0	+20.7K	+53.25%	$0.00	59.4K	Mar 19, 2022	Common stock	20.7K	$15.17	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On April 17, 2019, the reporting person was granted an option to purchase 396,563 shares of common stock. The option vests in six installments based on Sun Country's satisfaction of certain performance criteria. The performance criteria for the first installment were met resulting in vesting of the option as to 99,141 shares on March 19, 2022.
F2	On November 19, 2019, the reporting person was granted an option to purchase 82,616 shares of common stock. The option vests in six installments based on Sun Country's satisfaction of certain performance criteria. The performance criteria for the first installment were met resulting in vesting of the option as to 20,654 shares on March 19, 2022.