Christine Chambers - Aug 3, 2022 Form 3 Insider Report for PETMED EXPRESS INC (PETS)

Role: CFO
Signature: /s/ Christine Chambers
Stock symbol: PETS
Transactions as of: Aug 3, 2022
Transactions value $: $0
Form type: 3
Date filed: 8/10/2022, 05:31 PM
Previous filing: Aug 24, 2021
Next filing: Dec 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PETS	Common Stock						16K	Aug 3, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (a) 13,000 shares of restricted stock under the Company's 2016 Employee Equity Compensation Restricted Stock Plan (the "2016 Plan"), which stock restrictions will lapse pro rata on each of August 3, 2023, August 3, 2024 and August 3, 2025, which are subject to forfeiture in the event of termination of employment (except as provided in the restricted stock agreement),and (b) 3,000 shares of performance restricted stock under the 2016 Plan, which performance restricted shares will be based on the attainment of performance criteria equally weighted between adjusted EBITDA and revenue. The shares for each grant will be released from restriction equally over a three (3) year period on the anniversary of the grant date, subject to the attainment of performance criteria in the case of the performance restricted shares. Ms. Chambers retains voting rights over all the shares subject to forfeiture while in escrow.

Content

Includes (a) 13,000 shares of restricted stock under the Company's 2016 Employee Equity Compensation Restricted Stock Plan (the "2016 Plan"), which stock restrictions will lapse pro rata on each of August 3, 2023, August 3, 2024 and August 3, 2025, which are subject to forfeiture in the event of termination of employment (except as provided in the restricted stock agreement),and (b) 3,000 shares of performance restricted stock under the 2016 Plan, which performance restricted shares will be based on the attainment of performance criteria equally weighted between adjusted EBITDA and revenue. The shares for each grant will be released from restriction equally over a three (3) year period on the anniversary of the grant date, subject to the attainment of performance criteria in the case of the performance restricted shares. Ms. Chambers retains voting rights over all the shares subject to forfeiture while in escrow.