Standish Beau 4
4 · SeaSpine Holdings Corp · Filed Feb 11, 2022
Insider Transaction Report
Form 4
Standish Beau
President, Enabling Tech
Transactions
- Conversion
Class B common shares of 7D Surgical ULC
2022-01-27−50,000→ 254,950 total(indirect: Held by 2837165 Ontario Inc.)Exercise: $0.00→ Common Stock (50,000 underlying) - Conversion
Common Stock
2022-01-27+50,000→ 50,000 total
Footnotes (2)
- [F1]7D Surgical ULC (the Canadian Sub) is an unlimited liability company incorporated under the laws of the Province of British Columbia and wholly owned subsidiary of SeaSpine Holdings Corporation (SeaSpine). The exchangeable shares of the Canadian Sub are exchangeable on a 1:1 basis for shares of common stock of SeaSpine, subject to customary adjustments. SeaSpine may require all outstanding exchangeable shares to be exchanged upon the occurrence of certain events and at any time following May 20, 2026. While outstanding, holders of exchangeable shares will be entitled to receive dividends economically equivalent to the dividends declared by SeaSpine with respect to SeaSpine's common stock, but will not be entitled to cast votes on matters for which holders of the SeaSpine's common stock are entitled to vote. The holder of the exchangeable shares may exchange them at any time.
- [F2]No expiration date.