4//SEC Filing
Lampropoulos Justin J. 4
Accession 0001104659-20-027400
CIK 0000856982other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 9:38 PM ET
Size
16.9 KB
Accession
0001104659-20-027400
Insider Transaction Report
Form 4
Lampropoulos Justin J.
EXEC. V.P. MKTG & STRATEGY
Transactions
- Award
Non-qualified stock options (right to buy)
2020-02-26+16,722→ 16,722 totalExercise: $37.71From: 2021-02-26Exp: 2027-02-26→ Common Stock (16,722 underlying) - Award
Performance Share Units
2020-02-26+7,955→ 7,955 totalFrom: 2021-03-15Exp: 2023-03-15→ Common Stock (7,955 underlying)
Holdings
- 25,000
Non-qualified stock options (right to buy)
Exercise: $12.06From: 2015-10-04Exp: 2021-10-04→ Common Stock (25,000 underlying) - 20,000
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) - 25,000
Non-qualified stock options (right to buy)
Exercise: $28.20From: 2018-04-14Exp: 2024-04-14→ Common Stock (25,000 underlying) - 20,000
Non-qualified stock options (right to buy)
Exercise: $44.80From: 2019-03-02Exp: 2025-03-02→ Common Stock (20,000 underlying) - 30,000
Non-qualified stock options (right to buy)
Exercise: $55.73From: 2020-03-01Exp: 2026-03-01→ Common Stock (30,000 underlying)
Footnotes (10)
- [F1]Becomes exercisable in equal annual installments of 20% commencing on 10/04/2015.
- [F10]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]Becomes exercisable in equal annual installments of 20% commencing on 02/13/2016.
- [F3]Becomes exercisable in equal annual installments of 20% commencing on 01/28/2017.
- [F4]Becomes exercisable in equal annual installments of 20% commencing on 04/14/2018.
- [F5]Becomes exercisable in equal annual installments of 20% commencing on 03/02/2019.
- [F6]Becomes exercisable in equal annual installments of 20% commencing on 03/01/2020..
- [F7]Becomes exercisable in equal annual installments of 25% commencing on 02/26/2021.
- [F8]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.
- [F9]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.
Documents
Issuer
MERIT MEDICAL SYSTEMS INC
CIK 0000856982
Entity typeother
Related Parties
1- filerCIK 0001643609
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 9:38 PM ET
- Size
- 16.9 KB