David M. Davis - Sep 21, 2022 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role
President & CFO, Director
Signature
/s/ Rose Neale, as attorney-in-fact for David Davis
Stock symbol
SNCY
Transactions as of
Sep 21, 2022
Transactions value $
$251,646
Form type
4
Date filed
9/23/2022, 05:38 PM
Previous filing
Jun 13, 2022
Next filing
Oct 5, 2022
SEC
View on sec.gov

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 $158K +29.7K +18.45% $5.30 191K Sep 21, 2022 Common Stock 29.7K $5.30 Direct F1, F2
transaction SNCY Employee Stock Option (Right to Buy) Award $94K +6.2K +10.42% $15.17 65.6K Sep 21, 2022 Common Stock 6.2K $15.17 Direct F3, F4
* 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 second installment were met resulting in partial vesting of the option as to 29,743 shares on September 19, 2022.
F2 Vest in four annual installments, subject to continued service, beginning April 11, 2019.
F3 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 second installment were met resulting in partial vesting of the option as to 6,197 shares on September 19, 2022.
F4 Vest in four annual installments, subject to continued service, beginning November 5, 2020.