Scully Christopher G. 4
4 · PPD, Inc. · Filed Feb 16, 2021
Insider Transaction Report
Form 4
PPD, Inc.PPD
Scully Christopher G.
See Remarks
Transactions
- Award
Stock Options (Right to Buy)
2021-02-11+40,236→ 40,236 totalExercise: $37.22Exp: 2031-02-11→ Common Stock (40,236 underlying) - Award
Stock Options (Right to Buy)
2021-02-11+70,942→ 261,197 totalExercise: $11.05Exp: 2028-06-21→ Common Stock (70,942 underlying)
Footnotes (3)
- [F1]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.
- [F2]Represents 132,211 vested stock options and 128,986 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 128,985 stock options with an exercise price of $11.05 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal years 2021-2022.
- [F3]These options to purchase common stock vest in four equal annual installments beginning on the first anniversary of the grant date.