4//SEC Filing
SIMMONS DAVID S 4
Accession 0000899243-21-006668
CIK 0001793294other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 5:00 PM ET
Size
12.1 KB
Accession
0000899243-21-006668
Insider Transaction Report
Form 4
PPD, Inc.PPD
SIMMONS DAVID S
DirectorChief Executive Officer
Transactions
- Award
Stock Options (Right to Buy)
2021-02-11+423,982→ 1,706,972 totalExercise: $10.59Exp: 2027-05-11→ Common Stock (423,982 underlying) - Award
Stock Options (Right to Buy)
2021-02-11+343,347→ 343,347 totalExercise: $37.22Exp: 2031-02-11→ Common Stock (343,347 underlying) - Sale
Common Stock
2021-02-12$38.01/sh−77,065$2,929,241→ 693,695 total(indirect: By Trust)
Holdings
- 669,999
Common Stock
- 120,000(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.04, inclusive. The reporting person undertakes to provide to PPD, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Represents previously awarded stock options vesting upon the achievement of certain EBITDA vesting conditions for fiscal 2020, which were determined to be earned subject to the receipt by the Issuer of the completed audit of its fiscal 2020 financial statements.
- [F4]Represents 710,148 vested stock options and 996,824 unvested stock options which are eligible to vest upon the achievement of certain return on capital or rate of return conditions three years after the initial public offering of the Issuer or earlier, upon certain sales by significant stockholders. Does not include an additional 385,441 stock options with an exercise price of $10.59 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal year 2021.
- [F5]These options to purchase common stock vest in four equal annual installments beginning on the first anniversary of the grant date.
Documents
Issuer
PPD, Inc.
CIK 0001793294
Entity typeother
Related Parties
1- filerCIK 0001508519
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 5:00 PM ET
- Size
- 12.1 KB