Filing Details
- Accession Number:
- 0001752836-19-000017
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-05-21 17:40:14
- Reporting Period:
- 2019-05-17
- Accepted Time:
- 2019-05-21 17:40:14
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1752836 | Covetrus Inc. | CVET | Retail-Drug Stores And Proprietary Stores (5912) | 831448706 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1766035 | Timothy Ludlow | 7 Custom House Street Portland ME 04101 | See Remarks | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2019-05-17 | 11,498 | $5.67 | 134,239 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-05-17 | 11,498 | $27.87 | 122,741 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2019-05-17 | 70,000 | $28.03 | 52,741 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2019-05-17 | 11,498 | $0.00 | 11,498 | $5.67 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,010 | 2027-06-09 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | $0.37 | 2025-04-15 | 73,644 | 73,644 | Direct | |
| Common Stock | Employee Stock Option (right to buy) | $5.67 | 2027-06-09 | 58,443 | 58,443 | Direct | |
| Common Stock | Employee Stock Option (right to buy) | $37.47 | 2029-02-27 | 23,624 | 23,624 | Direct | |
| Common Stock | Restricted Stock Units | $0.00 | 8,006 | 8,006 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-04-15 | 73,644 | 73,644 | Direct |
| 2027-06-09 | 58,443 | 58,443 | Direct |
| 2029-02-27 | 23,624 | 23,624 | Direct |
| 8,006 | 8,006 | Direct |
Footnotes
- Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $27.44 - $28.00. The reporting person hereby undertakes, upon request by the Commission staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $27.44 - $28.39. The reporting person hereby undertakes, upon request by the Commission staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- The stock options were granted on June 9, 2017. As of May 21, 2019, the stock options are vested and exercisable as to 12,031 shares and thereafter shall vest and become exercisable as to 1,163 shares on December 9, 2019, and as to 314 shares on December 9, 2020. This disclosure supersedes the disclosure on the Form 3 filed on February 19, 2019 by the Reporting Person.
- No transaction is being reported on this line. Reported on a previously filed Form 3 or Form 4.
- 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.
- 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.
- The stock options were granted on February 27, 2019. The stock options vest and become exercisable in three equal annual installments beginning on February 27, 2020.
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
- Subject to the Reporting Person's continuous service as an employee of the Issuer, the RSUs will vest in three equal annual installments beginning on February 27, 2020.
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