Edward F. Crawford - Aug 22, 2022 Form 4 Insider Report for INVACARE CORP (IVC)

Role
Director, Member of a 10% owner group, 10%+ Owner
Signature
/s/ Brian Powers, as attorney-in-fact for Edward F. Crawford
Stock symbol
IVC
Transactions as of
Aug 22, 2022
Transactions value $
$0
Form type
4
Date filed
8/24/2022, 09:43 PM
Previous filing
Aug 8, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IVC Common Shares, no par value Award $0 +24.7K $0.00 24.7K Aug 22, 2022 Direct F1
holding IVC Common Shares, no par value 110K Aug 22, 2022 Through Crawford United Corporation F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted pursuant to the Invacare Corporation 2018 Equity Compensation Plan in an exempt transaction under Rule 16b-3, in connection with the Reporting Person's appointment as a member of the board of directors on August 22, 2022. These restricted stock units vest, subject to the Reporting Person's continued service on the board of directors, in full on November 15, 2023.
F2 Crawford United Corporation ("Crawford United") is the owner of record of 110,200 Common Shares. The Reporting Person and Matthew V. Crawford, in their capacity as holders of a majority of the voting power of Crawford United and as two of six members of Crawford United's board of directors, share the ability to indirectly control the decisions of Crawford United regarding the vote and disposition of securities held by Crawford United, and as such may be deemed to have indirect beneficial ownership of the 110,200 Common Shares held by Crawford United. Each of the Reporting Person and Matthew V. Crawford disclaims beneficial ownership of the Common Shares owned by Crawford United, except to the extent of his respective pecuniary interest therein.

Remarks:

The Reporting Person, Crawford United and Matthew V. Crawford, along with Steven H. Rosen and Azurite Management LLC ("Azurite"), comprise a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. Mr. Rosen and Azurite separately own Common Shares of the Issuer. Each of the Reporting Person, Matthew V. Crawford and Crawford United disclaim beneficial ownership over the Common Shares separately owned by Mr. Rosen and Azurite and any other Common Shares owned by the group, except to the extent of his or its respective pecuniary interest therein.