Apria (APR) Form 4 Apria / JOHN RAYMOND MURPHY ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MURPHY JOHN RAYMOND

(Last) (First) (Middle)

C/O APRIA INC. 7353 COMPANY DRIVE

(Street)

INDIANAPOLIS IN 462374

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Apria, Inc. [ APR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/18/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/18/2022		M(1)		3,450	A	$5.33	3,450	D
Common Stock	01/18/2022		F(1)		494	D	$37.24	2,956	D
Common Stock	01/18/2022		M(1)		5,750	A	$8.28	8,706	D
Common Stock	01/18/2022		F(1)		1,279	D	$37.24	7,427	D
Common Stock	01/18/2022		M(1)		5,750	A	$5.33	13,177	D
Common Stock	01/18/2022		F(1)		823	D	$37.24	12,354	D
Common Stock	01/20/2022		S(1)		12,354	D	$37.2(2)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$5.33	01/18/2022		M		3,450		(3)	10/08/2029	Common Stock	3,450	$0.00	13,799	D
Stock Appreciation Rights	$8.28	01/18/2022		M		5,750		(4)	10/08/2029	Common Stock	5,750	$0.00	0	D
Stock Appreciation Rights	$5.33	01/18/2022		M		5,750		(5)	05/12/2030	Common Stock	5,750	$0.00	17,249	D

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 11, 2021.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $37.15 to $37.27, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

3. Represents an original grant of 17,249 stock appreciation rights, which vest in equal quarterly installments ending on August 15, 2024.

4. These stock appreciation rights are fully vested.

5. Represents an original grant of 22,999 stock appreciation rights, vest as follows: (a) 20% vested on May 12, 2021, and (b) the remaining vests in equal quarterly installments ending on May 12, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney.

	/s/ Timothy Maloche, as Attorney-in-Fact	01/20/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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