Garrow Ronald E 4
4 · PPD, Inc. · Filed Mar 4, 2021
Insider Transaction Report
Form 4
PPD, Inc.PPD
Garrow Ronald E
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2021-03-02$19.02/sh+46,551$885,400→ 69,401 total - Exercise/Conversion
Common Stock
2021-03-02−22,850→ 0 totalExercise: $14.55Exp: 2028-09-27→ Common Stock (22,850 underlying) - Exercise/Conversion
Common Stock
2021-03-02−46,551→ 47,339 totalExercise: $19.02Exp: 2028-09-27→ Common Stock (46,551 underlying) - Exercise/Conversion
Common Stock
2021-03-02$14.55/sh+22,850$332,468→ 22,850 total - Sale
Common Stock
2021-03-02$36.38/sh−69,401$2,524,808→ 0 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.31 to $36.48, inclusive. The reporting person undertakes to provide toPPD, 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.
- [F2]The option vests in five equal annual installments based on the Issuer's satisfaction of certain EBITDA-based vesting conditions for each of the fiscal years ending December 31, 2018, 2019, 2020, 2021, and 2022. Options listed in the table do not include the 31,560 stock options eligible to vest based on the Issuer's satisfaction of certain EBITDA-based vesting conditions for each of the fiscal years ending December 31, 2021 and 2022.
- [F3]The remaining 47,339 stock options are unvested and will vest in equal installments on July 23, 2021, July 23, 2022, and July 23, 2023.