Filing Details
- Accession Number:
- 0001628280-21-003936
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-04 17:01:55
- Reporting Period:
- 2021-03-02
- Accepted Time:
- 2021-03-04 17:01:55
- SEC Url:
- Form 4 Filing
Issuer
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1573297 | E Ronald Garrow | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-03-02 | 22,850 | $14.55 | 22,850 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2021-03-02 | 46,551 | $19.02 | 69,401 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-03-02 | 69,401 | $36.38 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Common Stock | Disposition | 2021-03-02 | 22,850 | $0.00 | 22,850 | $14.55 |
| Common Stock | Common Stock | Disposition | 2021-03-02 | 46,551 | $0.00 | 46,551 | $19.02 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2028-09-27 | No | 4 | M | Direct | |
| 47,339 | 2028-09-27 | No | 4 | M | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.31 to $36.48, inclusive. The reporting person undertakes to provide toPPD, 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 option vests in five equal annual installments based on the Issuer's satisfaction of certain EBITDA-based vesting conditions for each of the fiscal years ending December 31, 2018, 2019, 2020, 2021, and 2022. Options listed in the table do not include the 31,560 stock options eligible to vest based on the Issuer's satisfaction of certain EBITDA-based vesting conditions for each of the fiscal years ending December 31, 2021 and 2022.
- The remaining 47,339 stock options are unvested and will vest in equal installments on July 23, 2021, July 23, 2022, and July 23, 2023.
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