Johnston David Michael 4
4 · PPD, Inc. · Filed Feb 16, 2021
Insider Transaction Report
Form 4
PPD, Inc.PPD
Johnston David Michael
See Remarks
Transactions
- Award
Stock Options (Right to Buy)
2021-02-11+36,550→ 267,480 totalExercise: $10.59Exp: 2027-05-11→ Common Stock (36,550 underlying) - Award
Stock Options (Right to Buy)
2021-02-11+151,747→ 151,747 totalExercise: $37.22Exp: 2031-02-11→ Common Stock (151,747 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 68,116 vested stock options and 199,364 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 33,227 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 with 122,624 vesting on the third anniversary of the grant date and 29,123 vesting in four equal annual installments beginning on the first anniversary of the grant date.