0001628280-24-032157.txt : 20240717
0001628280-24-032157.hdr.sgml : 20240717
20240717213305
ACCESSION NUMBER: 0001628280-24-032157
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240715
FILED AS OF DATE: 20240717
DATE AS OF CHANGE: 20240717
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Drummond Stuart
CENTRAL INDEX KEY: 0001977469
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50644
FILM NUMBER: 241123575
MAIL ADDRESS:
STREET 1: C/O CUTERA, INC.
STREET 2: 3240 BAYSHORE BLVD.
CITY: BRISBANE
STATE: CA
ZIP: 94005
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CUTERA INC
CENTRAL INDEX KEY: 0001162461
STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 770492262
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3240 BAYSHORE BOULEVARD
CITY: BRISBANE
STATE: CA
ZIP: 94005
BUSINESS PHONE: 94005
MAIL ADDRESS:
STREET 1: 3240 BAYSHORE BOULEVARD
CITY: BRISBANE
STATE: CA
ZIP: 94005
FORMER COMPANY:
FORMER CONFORMED NAME: ALTUS MEDICAL INC
DATE OF NAME CHANGE: 20011119
4
1
wk-form4_1721266378.xml
FORM 4
X0508
4
2024-07-15
0
0001162461
CUTERA INC
CUTR
0001977469
Drummond Stuart
C/O CUTERA, INC.
3240 BAYSHORE BLVD.
BRISBANE
CA
94005
0
1
0
0
Interim CFO
0
Stock Option (Right to Buy)
33.45
2024-07-15
4
D
0
2949
0
D
2029-02-20
COMMON STOCK
2949
0
D
Stock Option (Right to Buy)
1.54
2024-07-15
4
A
0
2949
0
A
2029-02-20
COMMON STOCK
2949
2949
D
Stock Option (Right to Buy)
19.44
2024-07-15
4
D
0
2519
0
D
2030-04-12
COMMON STOCK
2519
0
D
Stock Option (Right to Buy)
1.54
2024-07-15
4
A
0
2519
0
A
2030-04-12
COMMON STOCK
2519
2519
D
Stock Option (Right to Buy)
2.11
2024-07-15
4
D
0
25000
0
D
2031-03-06
COMMON STOCK
25000
0
D
Stock Option (Right to Buy)
1.54
2024-07-15
4
A
0
25000
0
A
2031-03-06
COMMON STOCK
25000
25000
D
Stock Option (Right to Buy)
2.23
2024-07-15
4
D
0
25000
0
D
2031-05-13
COMMON STOCK
25000
0
D
Stock Option (Right to Buy)
1.54
2024-07-15
4
A
0
25000
0
A
2031-05-13
COMMON STOCK
25000
25000
D
One-fourth of the shares subject to the option vested on January 1, 2023, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
On July 15, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing") whereby the Reporting Person's options were repriced to an exercise price of $1.54 per share. All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
One-fourth of the shares subject to the option vested on January 1, 2024, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
50% of the shares subject to the option shall vest on November 21, 2024 and then 1/24 monthly thereafter for 12 months, subject to the reporting person continuing to be a service provider through each such date.
The shares subject to the option shall vest 1/48 per month from April 25, 2024, subject to the Reporting Person continuing to be a service provider through each such date.
/s/ Stuart Drummond
2024-07-17