4//SEC Filing
Johnston David Michael 4
Accession 0001628280-21-003854
CIK 0001793294other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 4:17 PM ET
Size
15.1 KB
Accession
0001628280-21-003854
Insider Transaction Report
Form 4
PPD, Inc.PPD
Johnston David Michael
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2021-03-02$10.59/sh+21,597$228,712→ 57,004 total - Sale
Common Stock
2021-03-02$36.29/sh−21,597$783,755→ 35,407 total - Exercise/Conversion
Stock Option (Right to Buy)
2021-03-01−21,597→ 245,883 totalExercise: $10.59Exp: 2027-05-11→ Common Stock (21,597 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2021-03-02−21,597→ 224,286 totalExercise: $10.59Exp: 2027-05-11→ Common Stock (21,597 underlying) - Exercise/Conversion
Common Stock
2021-03-01$10.59/sh+21,597$228,712→ 74,704 total - Sale
Common Stock
2021-03-01$35.43/sh−39,297$1,392,293→ 35,407 total
Footnotes (5)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.07 to $35.72, inclusive. The reporting person undertakes to provide to PPD, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.81, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]Represents 46,519 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.
- [F5]Represents 24,922 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.
Documents
Issuer
PPD, Inc.
CIK 0001793294
Entity typeother
Related Parties
1- filerCIK 0001802057
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 4:17 PM ET
- Size
- 15.1 KB