Christopher M. Gallagher - Dec 20, 2021 Form 4 Insider Report for SOC Telemed, Inc. (TLMD)

Role
Director
Signature
/s/ Eunice Kim, as Attorney-in-Fact
Stock symbol
TLMD
Transactions as of
Dec 20, 2021
Transactions value $
$0
Form type
4
Date filed
12/22/2021, 06:11 PM
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLMD Class A Common Stock Award $0 +1.08M +32.56% $0.00 4.4M Dec 20, 2021 Direct F1
holding TLMD Class A Common Stock 401K Dec 20, 2021 See footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TLMD Performance-based Restricted Stock Units Award $0 +720K $0.00 720K Dec 20, 2021 Class A Common Stock 720K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units, each of which represents a contingent right to receive one share of the Issuer's Class A Common Stock, of which 1/4th will vest on December 5 of each of 2022, 2023, 2024 and 2025, respectively, subject to the continuous service of the Reporting Person on each vesting date.
F2 Held in the name of Christopher Michael Gallagher and Katherine Ann Gallagher as Trustees of Gallagher 2020 Children's Trust.
F3 Each performance-based restricted stock unit ("PRSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. The PRSUs generally vest in three equal installments on December 5 of each of 2022, 2023 and 2024, respectively, provided that the applicable performance goal has been achieved by such date (and, if not, on the date the applicable performance goal is subsequently achieved), and are subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche will be satisfied if the Issuer's Class A Common Stock achieves a specified per share market price for such tranche for at least 20 trading days during any 30 consecutive day period from the date of grant. If the applicable performance goals have not been achieved by December 5, 2024, all unvested PRSUs will be forfeited.