Sharbaugh William J 4

4 · PPD, Inc. · Filed Feb 16, 2021

Form 4

Period: 2021-02-11

Chief Operating Officer

Transactions

Award
Stock Options (Right to Buy)
2021-02-11+102,341→ 456,544 total
Exercise: $10.59Exp: 2027-05-11→ Common Stock (102,341 underlying)
Award
Stock Options (Right to Buy)
2021-02-11+48,408→ 48,408 total
Exercise: $37.22Exp: 2031-02-11→ Common Stock (48,408 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 190,725 vested stock options and 265,819 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 93,038 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.
[F3]These options to purchase common stock vest in four equal annual installments beginning on the first anniversary of the grant date.

Documents

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