Beau Standish - 02 Jun 2021 Form 3 Insider Report for SeaSpine Holdings Corp (SPNE)

Role
President, Enabling Tech
Signature
/s/Paul Benny, Attorney-in-Fact for Beau Standish
Issuer symbol
SPNE
Transactions as of
02 Jun 2021
Net transactions value
$0
Form type
3
Filing time
04 Jun 2021, 16:57:39 UTC
Next filing
19 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPNE Common Stock 36,308 02 Jun 2021 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
holding SPNE Class B common shares of 7D Surgical ULC 02 Jun 2021 Common Stock 304,950 $0.000000 Held by 2837165 Ontario Inc. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 7D Surgical ULC (the Canadian Sub) is an unlimited liability company incorporated under the laws of the Province of British Columbia and wholly owned subsidiary of SeaSpine Holdings Corporation (SeaSpine). The exchangeable shares of the Canadian Sub are exchangeable on a 1:1 basis for shares of common stock of SeaSpine, subject to customary adjustments. SeaSpine may require all outstanding exchangeable shares to be exchanged upon the occurrence of certain events and at any time following May 20, 2026. While outstanding, holders of exchangeable shares will be entitled to receive dividends economically equivalent to the dividends declared by SeaSpine with respect to SeaSpine's common stock, but will not be entitled to cast votes on matters for which holders of the SeaSpine's common stock are entitled to vote. The holder of the exchangeable shares may exchange them at any time.
F2 No expiration date.

Remarks:

Exhibit 24 - Power of Attorney.