Calvin Rice - Mar 2, 2023 Form 4 Insider Report for Spok Holdings, Inc (SPOK)

Role
Chief Financial Officer & CAO
Signature
/s/ CALVIN RICE
Stock symbol
SPOK
Transactions as of
Mar 2, 2023
Transactions value $
$17,363
Form type
4
Date filed
3/3/2023, 03:00 PM
Previous filing
Jan 4, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPOK Common Stock Options Exercise $31.9K +3.43K +23.22% $9.30 18.2K Mar 2, 2023 Direct F1
transaction SPOK Common Stock Tax liability -$14.5K -1.56K -8.57% $9.30 16.6K Mar 2, 2023 Direct

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 SPOK Restricted Stock Units Options Exercise $0 -3.43K -5.78% $0.00 55.8K Mar 2, 2023 Common Stock 3.43K Direct F1, F2
transaction SPOK Restricted Stock Tax liability $0 -663 -1.19% $0.00 55.1K Mar 2, 2023 Common Stock 663 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 2, 2020, Mr. Rice was granted an award of Restricted Stock Units ("RSUs"), which vest in the form of Common Stock if specified performance objectives of the Company set forth in the 2020 Long Term Incentive Plan ("LTIP") are achieved for the year ending December 31, 2022. On March 2, 2023, shares were issued upon vesting of the RSUs.
F2 Each Restricted Stock Units ("RSUs") represents a contingent right to receive one share of the issuer's Common Stock.
F3 On March 2, 2023, 663 shares were forfeited due to performance criteria of the 2020 LTIP not being met.