LISA WRIGHT - 01 Jun 2021 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Director
Signature
/s/ Sean Flynn, Attorney-in-Fact for Lisa Wright
Issuer symbol
VCEL
Transactions as of
01 Jun 2021
Net transactions value
$0
Form type
4
Filing time
03 Jun 2021, 16:15:36 UTC
Next filing
29 Apr 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 VCEL Restricted Stock Unit Award $0 +1,300 $0.000000 1,300 01 Jun 2021 Common Stock 1,300 Direct F1, F2, F3
transaction VCEL Stock Option (right to buy) Award $0 +3,250 $0.000000 3,250 01 Jun 2021 Common Stock 3,250 $56.49 Direct F4
transaction VCEL Stock Option (right to buy) Award $0 +5,877 $0.000000 5,877 01 Jun 2021 Common Stock 5,877 $56.49 Direct F5
transaction VCEL Restricted Stock Unit Award $0 +2,351 $0.000000 2,351 01 Jun 2021 Common Stock 2,351 Direct F1, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.
F2 These RSUs vest in equal annual installments over three years, beginning on June 1, 2021.
F3 No expiration date for this type of award.
F4 These options, representing the right to purchase a total of 3,250 shares, shall vest and become exercisable in equal monthly installments over three years, beginning on June 1, 2021, contingent upon continued service to the Company.
F5 These options, representing the right to purchase a total of 5,877 shares, shall vest and become exercisable in equal monthly installments beginning on June 1, 2021, and shall become fully vested and exercisable on the earlier of the date of the Company's next annual meeting of shareholders or April 27, 2022, contingent upon continued service to the Company.
F6 These RSUs shall vest on the earlier of June 1, 2022 or the date of the Company's next annual meeting of shareholders, contingent upon continued service to the Company.