Statement of Changes in Beneficial Ownership (4)
June 03 2021 - 3:16PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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WRIGHT LISA |
2. Issuer Name and Ticker or Trading Symbol
Vericel Corp
[
VCEL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O VERICEL CORPORATION, 64 SIDNEY STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/1/2021 |
(Street)
CAMBRIDGE, MA 02139
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (1) | 6/1/2021 | | A | | 1300 | | (2) | (3) | Common Stock | 1300 | $0 | 1300 | D | |
Stock Option (right to buy) | $56.49 | 6/1/2021 | | A | | 3250 | | (4) | 6/1/2031 | Common Stock | 3250 | $0 | 3250 | D | |
Stock Option (right to buy) | $56.49 | 6/1/2021 | | A | | 5877 | | (5) | 6/1/2031 | Common Stock | 5877 | $0 | 5877 | D | |
Restricted Stock Unit | (1) | 6/1/2021 | | A | | 2351 | | (6) | (3) | Common Stock | 2351 | $0 | 2351 | D | |
Explanation of Responses: |
(1) | Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation. |
(2) | These RSUs vest in equal annual installments over three years, beginning on June 1, 2021. |
(3) | No expiration date for this type of award. |
(4) | These options, representing the right to purchase a total of 3,250 shares, shall vest and become exercisable in equal monthly installments over three years, beginning on June 1, 2021, contingent upon continued service to the Company. |
(5) | These options, representing the right to purchase a total of 5,877 shares, shall vest and become exercisable in equal monthly installments beginning on June 1, 2021, and shall become fully vested and exercisable on the earlier of the date of the Company's next annual meeting of shareholders or April 27, 2022, contingent upon continued service to the Company. |
(6) | These RSUs shall vest on the earlier of June 1, 2022 or the date of the Company's next annual meeting of shareholders, contingent upon continued service to the Company. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
WRIGHT LISA C/O VERICEL CORPORATION 64 SIDNEY STREET CAMBRIDGE, MA 02139 | X |
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Signatures
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/s/ Sean Flynn, Attorney-in-Fact for Lisa Wright | | 6/3/2021 |
**Signature of Reporting Person | Date |
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