4//SEC Filing
Ludlow Timothy 4
Accession 0001752836-20-000153
CIK 0001752836other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 6:42 PM ET
Size
12.8 KB
Accession
0001752836-20-000153
Insider Transaction Report
Form 4
COVETRUS, INC.CVET
Ludlow Timothy
See Remarks
Transactions
- Disposition to Issuer
Common Stock
2020-07-01$43.05/sh−2,165$93,203→ 52,317 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-07-01−191→ 1,819 totalExercise: $5.67Exp: 2027-06-09→ Common Stock (191 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2020-07-01−826→ 57,617 totalExercise: $5.67Exp: 2027-06-09→ Common Stock (826 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2020-07-01−1,040→ 72,604 totalExercise: $0.37Exp: 2025-04-15→ Common Stock (1,040 underlying)
Footnotes (6)
- [F1]On February 7, 2019 (the "Closing Date"), in connection with the Agreement and Plan of Merger (the "Merger Agreement") by and among Henry Schein, Inc., HS Spinco, Inc., HS Merger Sub, Inc., Direct Vet Marketing, Inc., and Shareholder Representative Services, LLC, an aggregate total of 1,956,817 shares of common stock of Covetrus, Inc. and 154,354 options to acquire common stock of Covetrus were placed in escrow to satisfy certain potential purchase price adjustments under the Merger Agreement. In conjunction with the final settlement and release of the escrow, an aggregate total of 756,387 of such shares and options were cancelled, pro rata, including 2,165 shares of common stock and 2,057 options to acquire common stock held by the Reporting Person.
- [F2]Price represents the closing price of the Company's common stock on the Closing Date.
- [F3]The stock options were granted on June 9, 2017. The stock options vested and became exercisable as to 25% of the total shares on June 9, 2018 and thereafter, vest and become exercisable in 36 successive, equal monthly installments.
- [F4]Not applicable.
- [F5]The stock options were granted on June 9, 2017. As of July 1, 2020, the stock options are vested and exercisable as to 1,419 shares and thereafter shall vest and become exercisable as to 314 shares on December 9, 2020. The remaining 86 shares vest and become exercisable in successive, equal monthly installments until fully vested on June 9, 2021.
- [F6]The stock options were granted on April 15, 2015. The stock options vested and became exercisable as to 25% of the total shares on April 15, 2016 and thereafter, vest and become exercisable in 36 successive, equal monthly installments.
Documents
Issuer
COVETRUS, INC.
CIK 0001752836
Entity typeother
Related Parties
1- filerCIK 0001766035
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 6:42 PM ET
- Size
- 12.8 KB