0000899243-21-006668.txt : 20210216
0000899243-21-006668.hdr.sgml : 20210216
20210216170030
ACCESSION NUMBER: 0000899243-21-006668
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210211
FILED AS OF DATE: 20210216
DATE AS OF CHANGE: 20210216
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SIMMONS DAVID S
CENTRAL INDEX KEY: 0001508519
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39212
FILM NUMBER: 21640422
MAIL ADDRESS:
STREET 1: PFIZER INC. ATTN. CORP. SECRETARY
STREET 2: 235 EAST 42ND STREET
CITY: NEW YORK
STATE: NY
ZIP: 10017
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-02-11
0
0001793294
PPD, Inc.
PPD
0001508519
SIMMONS DAVID S
C/O PPD, INC.
929 NORTH FRONT STREET
WILMINGTON
NC
28401
1
1
0
0
Chief Executive Officer
Common Stock
2021-02-12
4
S
0
77065
38.01
D
693695
I
By Family Trust
Common Stock
669999
D
Common Stock
120000
I
By Trust
Stock Options (Right to Buy)
10.59
2021-02-11
4
A
0
423982
0.00
A
2027-05-11
Common Stock
423982
1706972
D
Stock Options (Right to Buy)
37.22
2021-02-11
4
A
0
343347
0.00
A
2031-02-11
Common Stock
343347
343347
D
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.04, inclusive. The reporting person undertakes to provide to PPD, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Represents previously awarded stock options vesting upon the achievement of certain EBITDA vesting conditions for fiscal 2020, which were determined to be earned subject to the receipt by the Issuer of the completed audit of its fiscal 2020 financial statements.
Represents 710,148 vested stock options and 996,824 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 385,441 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 year 2021.
These options to purchase common stock vest in four equal annual installments beginning on the first anniversary of the grant date.
/s/ Richard Whitlow, as Attorney-in-Fact
2021-02-16