0001752836-19-000017.txt : 20190521
0001752836-19-000017.hdr.sgml : 20190521
20190521174014
ACCESSION NUMBER: 0001752836-19-000017
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190517
FILED AS OF DATE: 20190521
DATE AS OF CHANGE: 20190521
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ludlow Timothy
CENTRAL INDEX KEY: 0001766035
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38794
FILM NUMBER: 19843440
MAIL ADDRESS:
STREET 1: C/O COVETRUS, INC.
STREET 2: 7 CUSTOM HOUSE STREET
CITY: PORTLAND
STATE: ME
ZIP: 04101
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COVETRUS, INC.
CENTRAL INDEX KEY: 0001752836
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912]
IRS NUMBER: 831448706
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7 CUSTOM HOUSE STREET
CITY: PORTLAND
STATE: ME
ZIP: 04101
BUSINESS PHONE: 888-280-2221
MAIL ADDRESS:
STREET 1: 7 CUSTOM HOUSE STREET
CITY: PORTLAND
STATE: ME
ZIP: 04101
FORMER COMPANY:
FORMER CONFORMED NAME: HS Spinco, Inc.
DATE OF NAME CHANGE: 20180912
4
1
wf-form4_155847479792509.xml
FORM 4
X0306
4
2019-05-17
0
0001752836
COVETRUS, INC.
CVET
0001766035
Ludlow Timothy
7 CUSTOM HOUSE STREET
PORTLAND
ME
04101
0
1
0
0
See Remarks
Common Stock
2019-05-17
4
M
0
11498
5.67
A
134239
D
Common Stock
2019-05-17
4
S
0
11498
27.8739
D
122741
D
Common Stock
2019-05-17
4
S
0
70000
28.0344
D
52741
D
Employee Stock Option (right to buy)
5.67
2019-05-17
4
M
0
11498
0
D
2027-06-09
Common Stock
11498.0
2010
D
Employee Stock Option (right to buy)
0.37
2025-04-15
Common Stock
73644.0
73644
D
Employee Stock Option (right to buy)
5.67
2027-06-09
Common Stock
58443.0
58443
D
Employee Stock Option (right to buy)
37.47
2029-02-27
Common Stock
23624.0
23624
D
Restricted Stock Units
Common Stock
8006.0
8006
D
Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $27.44 - $28.00. The reporting person hereby undertakes, upon request by the Commission staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $27.44 - $28.39. The reporting person hereby undertakes, upon request by the Commission staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
The stock options were granted on June 9, 2017. As of May 21, 2019, the stock options are vested and exercisable as to 12,031 shares and thereafter shall vest and become exercisable as to 1,163 shares on December 9, 2019, and as to 314 shares on December 9, 2020. This disclosure supersedes the disclosure on the Form 3 filed on February 19, 2019 by the Reporting Person.
No transaction is being reported on this line. Reported on a previously filed Form 3 or Form 4.
The stock options were granted on April 15, 2015. The stock options vested and became exercisable as to 25% of the total shares on April 15, 2016 and thereafter, vest and become exercisable in 36 successive, equal monthly installments.
The stock options were granted on June 9, 2017. The stock options vested and became exercisable as to 25% of the total shares on June 9, 2018 and thereafter, vest and become exercisable in 36 successive, equal monthly installments.
The stock options were granted on February 27, 2019. The stock options vest and become exercisable in three equal annual installments beginning on February 27, 2020.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
Subject to the Reporting Person's continuous service as an employee of the Issuer, the RSUs will vest in three equal annual installments beginning on February 27, 2020.
Senior Vice President and Chief Transformation Officer
/s/ Erin Powers Brennan, as attorney-in-fact for Timothy Ludlow
2019-05-21