Home > Insider Trading > Filing (0001628280-21-003854)

Filing Details

Accession Number:: 0001628280-21-003854
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-03 16:17:42
Reporting Period:: 2021-03-01

Accepted Time:: 2021-03-03 16:17:42
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
1802057	Michael David Johnston	C/O Ppd, Inc. 929 North Front Street Wilmington NC	See Remarks	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-03-01	21,597	$10.59	74,704	No	4	M	Direct
Common Stock	Disposition	2021-03-01	39,297	$35.43	35,407	No	4	S	Direct
Common Stock	Acquisiton	2021-03-02	21,597	$10.59	57,004	No	4	M	Direct
Common Stock	Disposition	2021-03-02	21,597	$36.29	35,407	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2021-03-01	21,597	$0.00	21,597	$10.59
Common Stock	Stock Option (Right to Buy)	Disposition	2021-03-02	21,597	$0.00	21,597	$10.59

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
245,883		2027-05-11	No	4	M	Direct
224,286		2027-05-11	No	4	M	Direct

Footnotes

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.07 to $35.72, inclusive. The reporting person undertakes to provide to PPD, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.81, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Represents 46,519 vested stock options and 199,364 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 33,227 stock options with an exercise price of $10.59 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal year 2021.
Represents 24,922 vested stock options and 199,364 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 33,227 stock options with an exercise price of $10.59 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal year 2021.