Frost Ronald 4

Accession 0001104659-20-027392

CIK 0000856982other

View on SEC.gov Company Profile

Filed

Feb 27, 7:00 PM ET

Accepted

Feb 28, 9:28 PM ET

Size

18.4 KB

Accession

0001104659-20-027392

Insider Transaction Report

Form 4

Period: 2020-02-26

MERIT MEDICAL SYSTEMS INCMMSI

Frost Ronald

Chief Operating Officer

Transactions

Award
Non-qualified stock options (right to buy)
2020-02-26+16,722→ 16,722 total
Exercise: $37.71From: 2021-02-26Exp: 2027-02-26→ Common Stock (16,722 underlying)
Award
Performance Stock Units
2020-02-26+7,955→ 7,955 total
From: 2021-03-15Exp: 2023-03-15→ Common Stock (7,955 underlying)

Holdings

Common Stock, No Par Value
(indirect: By 401(k))
16,311
Common Stock, No Par Value
5,000
Non-qualified stock options (right to buy)
Exercise: $12.06From: 2015-10-04Exp: 2021-10-04→ Common Stock (25,000 underlying)
25,000
Non-qualified stock options (right to buy)
Exercise: $17.27From: 2016-02-13Exp: 2022-02-13→ Common Stock (20,000 underlying)
20,000
Non-qualified stock options (right to buy)
Exercise: $16.05From: 2017-01-28Exp: 2023-01-28→ Common Stock (20,000 underlying)
20,000
Non-qualified stock options (right to buy)
Exercise: $28.20From: 2018-04-14Exp: 2024-04-14→ Common Stock (50,000 underlying)
50,000
Non-qualified stock options (right to buy)
Exercise: $44.80From: 2019-03-02Exp: 2025-03-02→ Common Stock (40,000 underlying)
40,000
Non-qualified stock options (right to buy)
Exercise: $55.73From: 2020-03-01Exp: 2026-03-01→ Common Stock (30,000 underlying)
30,000

Footnotes (11)

[F1]Represents plan holdings as of 02/26/2020.
[F10]On February 26, 2020, the reporting person was awarded a target number of performance share units ("PSUs") pursuant to a Performance Stock Unit Award Agreement by and between the Reporting Person and the Issuer. The actual number of PSUs to be awarded to the Reporting Person will be based upon the Issuer's free cash flow measured against its 2020 financial plan over one, two and three-year periods ending December 31, 2020, 2021 and 2022, respectively, and subject to the Reporting Person's continued employment with the Issuer and the conditions set forth in the Stock Unit Award Agreement.
[F11]If earned by the Reporting Person, the PSUs will be awarded not later than March 15 of the year following the Issuer's achievement of the target level of free cash flow, subject to conditions set forth in the Performance Stock Unit Award Agreement.
[F2]Become exercisable in equal annual installments of 20% commencing 10/04/2015.
[F3]Become exercisable in equal annual installments of 20% commencing 02/13/2016.
[F4]Become exercisable in equal annual installments of 20% commencing 01/28/2017.
[F5]Become exercisable in equal annual installments of 20% commencing 04/14/2018.
[F6]Become exercisable in equal annual installments of 20% commencing 03/02/2019.
[F7]Become exercisable in equal annual installments of 20% commencing 03/01/2020.
[F8]Become exercisable in equal annual installments of 25% commencing 02/26/2021.
[F9]Each performance share unit represents the Company's commitment to issue one share of Merit Medical Systems, Inc. common stock, subject to achievement of performance criteria.

Documents

1 file

4
a4.xmlPrimary
4

Issuer

MERIT MEDICAL SYSTEMS INC

CIK 0000856982

→

Entity typeother

Related Parties

filerCIK 0001595939

Filing Metadata

Form type: 4
Filed: Feb 27, 7:00 PM ET
Accepted: Feb 28, 9:28 PM ET
Size: 18.4 KB

View on SEC.gov