CRYOLIFE INC 4
4 · CRYOLIFE INC · Filed Feb 23, 2016
Insider Transaction Report
Form 4
CRYOLIFE INCCRY
Gale David C
VP-Research and Development
Transactions
- Tax Payment
Common Stock
2016-02-19$10.24/sh−1,594$16,323→ 69,575 total - Award
Stock Option (Right to Buy)
2016-02-19+20,713→ 20,713 totalExercise: $10.24From: 2017-02-19Exp: 2022-02-19→ Common Stock (20,713 underlying) - Award
Common Stock
2016-02-19$10.24/sh+7,353$75,295→ 61,605 total - Award
Common Stock
2016-02-19+9,564→ 71,169 total
Footnotes (4)
- [F1]Represents share of restricted stock that vest on the third anniversary of the grant date if the reporting person remains in the continuous employ of the Company.
- [F2]Represents performance stock units granted on February 19, 2015 and earned at approximately 129.3% of target based on 2015 adjusted EBITDA. Fifty percent (50%) or 4,782 shares vested and were issued on February 19, 2016. The remaining 4,782 shares earned in connection with the February 2015 grant will vest and be issued as follows: 50% on 02/19/2017, and 50% on 02/19/2018, assuming continued employment on the relevant vesting date.
- [F3]These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.
- [F4]Stock option vests 33 1/3% per year beginning on the first anniversary of the grant date.