4//SEC Filing
Harris Taylor C. 4
Accession 0001628280-24-032153
CIK 0001162461other
Filed
Jul 16, 8:00 PM ET
Accepted
Jul 17, 9:31 PM ET
Size
16.9 KB
Accession
0001628280-24-032153
Insider Transaction Report
Form 4
CUTERA INCCUTR
Harris Taylor C.
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2024-07-15+25,327→ 25,327 totalExercise: $1.54Exp: 2030-05-19→ COMMON STOCK (25,327 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2024-07-15−200,000→ 0 totalExercise: $2.23Exp: 2031-05-13→ COMMON STOCK (200,000 underlying) - Award
Stock Option (Right to Buy)
2024-07-15+735,295→ 735,295 totalExercise: $1.54Exp: 2030-08-18→ COMMON STOCK (735,295 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2024-07-15−25,327→ 0 totalExercise: $16.84Exp: 2030-05-19→ COMMON STOCK (25,327 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2024-07-15−735,295→ 0 totalExercise: $11.02Exp: 2030-08-18→ COMMON STOCK (735,295 underlying) - Award
Stock Option (Right to Buy)
2024-07-15+200,000→ 200,000 totalExercise: $1.54Exp: 2031-05-13→ COMMON STOCK (200,000 underlying)
Footnotes (4)
- [F1]One-third of the shares subject to the option vested on May 19, 2024 and one-third of the shares subject to the option vest each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- [F2]On July 15, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing") whereby the Reporting Person's options were repriced to an exercise price of $1.54 per share. All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
- [F3]One-fourth of the shares subject to the option will be eligible to vest upon the date the 30 calendar-day trailing average closing price of the Issuer's common stock first meets each of the following levels within four years of the grant date: $20.00, $25.00, $30.00, and $35.00. Once a level is attained, one-fourth of the options subject to such tranche will vest on the later of (i) the date such level is attained or (ii) August 7, 2024. The remaining options in such tranche will vest over the next 12 quarters, subject to the Reporting Person continuing as a service provider through each such date.
- [F4]The shares subject to the option shall vest 1/48 per month from April 25, 2024, subject to the Reporting Person continuing to be a service provider through each such date.
Documents
Issuer
CUTERA INC
CIK 0001162461
Entity typeother
Related Parties
1- filerCIK 0001560168
Filing Metadata
- Form type
- 4
- Filed
- Jul 16, 8:00 PM ET
- Accepted
- Jul 17, 9:31 PM ET
- Size
- 16.9 KB