SPECTRANETICS CORP 4
4 · SPECTRANETICS CORP · Filed Feb 24, 2017
Insider Transaction Report
Form 4
Transactions
- Award
SPNC Common Stock
2017-02-22+25,453→ 26,379 total - Tax Payment
SPNC Common Stock
2017-02-22$24.50/sh−6,104$149,548→ 20,275 total
Footnotes (3)
- [F1]On September 30, 2015, the Reporting Person was awarded 26,240 target performance stock units ("PSUs") granted for the 2014-2016 performance period. Each earned and vested PSU is payable in one share of the Company's common stock. The Reporting Person earned 25,453 of the PSUs based upon the Company's achievement of certain performance goals during the performance period. Of the 25,453 earned PSUs, 75% vested and were settled in an equal number of shares of the Company's common stock on February 22, 2017, and 25% will vest and be settled in shares on December 31, 2017.
- [F2]Shares withheld to satisfy tax withholding obligations on 19,090 shares issued in settlement of vested PSUs on February 22, 2017.
- [F3]This number includes 6,363 earned PSUs that are scheduled to vest and be settled in an equal number of Company shares as described above.