CARUSO RICHARD E 4
4 · SeaSpine Holdings Corp · Filed May 8, 2019
Insider Transaction Report
Form 4
CARUSO RICHARD E
10% Owner
Transactions
- Exercise of In-Money
Stock Option (right to buy)
2019-05-06−5,020→ 0 totalExercise: $14.15From: 2015-07-01Exp: 2019-05-17→ Common Stock (5,020 underlying) - Sale
Common Stock
2019-05-06$15.17/sh−5,020$76,153→ 15,457 total - Exercise of In-Money
Common Stock
2019-05-06$14.15/sh+5,020$71,033→ 20,477 total
Holdings
- 7,779(indirect: By Provco Leasing Corporation)
Common Stock
- 24,382(indirect: By Foundation)
Common Stock
- 1,997,068(indirect: By Partnership)
Common Stock
Footnotes (3)
- [F1]The price reported is a weighted average. These shares were sold in multiple transactions at prices ranging from not less than $15.09 to not more than $15.26. The reporting person undertakes 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 such range.
- [F2]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]Tru St Partnership LP ('Tru St') may be deemed the beneficial owner of 1,997,068 shares of common stock. Dr. Caruso is the Chairman Emeritus of Provco Leasing Corporation ('Provco Leasing'). Provco Leasing is the corporate general partner of Tru St. Provco Leasing owns 7,779 shares of common stock directly and is the beneficial owner of 2,004,847 shares of common stock. The Uncommon Individual Foundation is the beneficial owner of 24,382 shares of common stock as of December 31, 2018. Dr. Caruso is the founder and chief executive officer of The Uncommon Individual Foundation. At the quarterly board meeting of The Uncommon Individual Foundation on February 12, 2019, Dr. Caruso stepped down from his positions of The Uncommon Individual Foundation and has been given the honorary title of Chairman Emeritus.