4//SEC Filing
Johnston David Michael 4
Accession 0001628280-21-005111
CIK 0001793294other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 5:20 PM ET
Size
8.8 KB
Accession
0001628280-21-005111
Insider Transaction Report
Form 4
PPD, Inc.PPD
Johnston David Michael
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2021-03-17$10.59/sh+21,598$228,723→ 57,005 total - Exercise/Conversion
Stock Option (Right to Buy)
2021-03-17−21,598→ 202,687 totalExercise: $10.59Exp: 2027-05-11→ Common Stock (21,598 underlying) - Sale
Common Stock
2021-03-17$38.00/sh−21,598$820,724→ 35,407 total
Footnotes (3)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F2]The option vested based on the Issuer's satisfaction of certain EBITDA-based vesting conditions.
- [F3]Represents 3,323 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 33,228 stock options with an exercise price of $10.59 which are eligible to vest upon the satisfaction of certain EBITDA-based vesting conditions for fiscal year 2021.
Documents
Issuer
PPD, Inc.
CIK 0001793294
Entity typeother
Related Parties
1- filerCIK 0001802057
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 5:20 PM ET
- Size
- 8.8 KB