Filing Details

Accession Number:
0000899243-20-004242
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-02-12 16:12:18
Reporting Period:
2019-11-26
Accepted Time:
2020-02-12 16:12:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1793294 Ppd Inc. PPD Services-Commercial Physical & Biological Research (8731) 453806427
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1801814 Christopher Fikry C/O Ppd, Inc.
929 North Front Street
Wilmington NC 28401
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
Non-Voting Common Stock Disposition 2020-02-10 6,645 $0.00 0 No 4 D Direct
Common Stock Acquisiton 2020-02-10 6,645 $0.00 6,645 No 4 A Direct
Common Stock Acquisiton 2020-02-10 7,400 $27.00 14,045 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 D Direct
No 4 A Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Non-Voting Common Stock Stock Options (Right to Buy) Acquisiton 2019-11-26 40,093 $0.00 40,093 $21.70
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
40,093 2029-11-26 No 4 A Direct
Footnotes
  1. Upon the completion of the initial public offering of PPD, Inc. (the "Issuer"), all shares of the Issuer's non-voting common stock automatically converted into shares of the Issuer's voting common stock on a one-for-one basis.
  2. Shares were acquired in a directed share program in connection with the Issuer's initial public offering.
  3. Represents stock options previously granted to the reporting person on November 26, 2019. These stock options were already reflected on the reporting person's previously filed Form 3.
  4. Represents 29,032 stock options which are unvested and will vest in equal annual installments on November 26, 2020, November 26, 2021, November 26, 2022, November 26, 2023 and November 26, 2024 and 11,061 unvested stock options which are eligible to vest upon the achievement of certain return on capital or rate of return conditions three years after the initial public offering of the Issuer or earlier, upon certain sales by significant stockholders. Does not include an additional 29,032 stock options with an exercise price of $21.70 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal years 2020-2024.