INSULET CORP 4
4 · INSULET CORP · Filed Jul 3, 2013
Insider Transaction Report
Form 4
INSULET CORPPODD
Devlin Peter
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
2013-07-01$8.30/sh+30,000$249,000→ 93,081 total - Sale
Common Stock
2013-07-01$31.48/sh−30,000$944,307→ 63,081 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2013-07-01−30,000→ 60,000 totalExercise: $8.30Exp: 2019-08-17→ Common Stock (30,000 underlying)
Footnotes (4)
- [F1]Includes 6,667 restricted stock units granted on March 1, 2010 which vest on March 1, 2014; 16,500 restricted stock units granted on April 1, 2012 which vest one-third of the total units on April 1, 2014, one-third of the total units on April 1, 2015 and one-third of the total units on April 1, 2016; and 16,800 restricted stock units granted on March 1, 2013 which vest one-quarter of the total units on March 1, 2014, one-quarter of the total units on March 1, 2015, one-quarter of the total units on March 1, 2016 and one-quarter of the total units on March 1, 2017. Vested shares will be delivered to the reporting person as soon as practicable following a vesting date.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2012.
- [F3]The price reported represents the weighted average sale price of shares sold. The shares were sold at varing prices in the range of $31.26 to $31.99. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- [F4]This option is subject to a four-year vesting period, with 25% of the total award vesting one year after the grant date and the remainder vesting in equal quarterly installments each quarter thereafter for 12 quarters, subject to continued employment.