0000899243-20-003315.txt : 20200205 0000899243-20-003315.hdr.sgml : 20200205 20200205173616 ACCESSION NUMBER: 0000899243-20-003315 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200205 FILED AS OF DATE: 20200205 DATE AS OF CHANGE: 20200205 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sharbaugh William J CENTRAL INDEX KEY: 0001399883 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39212 FILM NUMBER: 20579944 MAIL ADDRESS: STREET 1: C/O PHARMACEUTICAL PRODUCT DEVELOPMENT STREET 2: 929 NORTH FRONT STREET CITY: WILMINGTON STATE: NC ZIP: 28401 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PPD, Inc. CENTRAL INDEX KEY: 0001793294 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 453806427 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 929 NORTH FRONT STREET CITY: WILMINGTON STATE: NC ZIP: 28401-3331 BUSINESS PHONE: 910 251 0081 MAIL ADDRESS: STREET 1: 929 NORTH FRONT STREET CITY: WILMINGTON STATE: NC ZIP: 28401-3331 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2020-02-05 0 0001793294 PPD, Inc. PPD 0001399883 Sharbaugh William J C/O PPD, INC. 929 NORTH FRONT STREET WILMINGTON NC 28401 0 1 0 0 Chief Operating Officer Non-voting common stock 332485 D Non-voting common stock 90000 I By grantor retained annuity trust Stock Options (Right to Buy) 15.05 2027-05-11 Non-voting common stock 646604 D Stock Options (Right to Buy) 10.59 2027-05-11 Non-voting common stock 265819 D Upon the completion of the initial public offering of PPD, Inc. (the "Issuer"), all shares of the Issuer's non-voting common stock will be automatically converted into shares of the Issuer's voting common stock on a one-for-one basis. Of these stock options, 279,109 stock options are unvested and will vest in equal annual installments on May 11, 2020, May 11, 2021 and May 11, 2022. Represents unvested stock options which are eligible to vest upon the achievement of certain return on capital or rate of return conditions three years after the initial public offering of the Issuer or earlier, upon certain sales by significant stockholders. Does not include an additional 283,763 stock options with an exercise price of $10.59 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal years 2019-2021. Exhibit List: Exhibit 24 - Power of Attorney /s/ B. Judd Hartman, as Attorney-in-Fact 2020-02-05 EX-24 2 attachment1.htm EX-24 DOCUMENT

                                                                      Exhibit 24

                               Power of Attorney

Know all by these presents that the undersigned does hereby make, constitute and
appoint each of B. Judd Hartman, Julia James and Richard Whitlow, or any one of
them, as a true and lawful attorney-in-fact of the undersigned with full powers
of substitution and revocation, for and in the name, place and stead of the
undersigned (in the undersigned's individual capacity), to execute and deliver
such forms that the undersigned may be required to file with the U.S. Securities
and Exchange Commission as a result of the undersigned's ownership of or
transactions in securities of PPD, Inc. (i) pursuant to Section 16(a) of the
Securities Exchange Act of 1934, as amended, including without limitation,
statements on Form 3, Form 4 and Form 5 (including any amendments thereto) and
(ii) in connection with any applications for EDGAR access codes, including
without limitation the Form ID or applications for replacement access codes. The
Power of Attorney shall remain in full force and effect until the undersigned is
no longer required to file Forms 3, 4 and 5 with regard to his or her ownership
of or transactions in securities of PPD, Inc., unless earlier revoked in
writing. The undersigned acknowledges that B. Judd Hartman, Julia James and
Richard Whitlow are not assuming any of the undersigned's responsibilities to
comply with Section 16 of the Securities Exchange Act of 1934, as amended.

                                        /s/ William J. Sharbaugh
                                        ------------------------
                                        William J. Sharbaugh
Date: 1/24/2020