Envista (NVST) Form 4 Envista / Howard H Yu 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^*

Yu Howard H

(Last) (First) (Middle)

C/O ENVISTA HOLDINGS CORPORATION

200 S. KRAEMER BLVD., BLDG. E

(Street)

BREA CA 92821

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Envista Holdings Corp [ NVST ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2021

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	05/07/2021		M		6,410	A	$13.57(1)	66,297	D
Common Stock	05/07/2021		M		12,017	A	$16.51(1)	78,314	D
Common Stock	05/07/2021		M		8,786	A	$19.04(1)	87,100	D
Common Stock	05/07/2021		M		7,808	A	$19.49(1)	94,908	D
Common Stock	05/07/2021		S(2)		35,021	D	$45.17(3)	59,887	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
Employee Stock Option (Right to Buy)(1)	$13.57	05/07/2021		M			6,410	(4)	11/15/2025	Common Stock	6,410	$0	0	D
Employee Stock Option (Right to Buy)(1)	$16.51	05/07/2021		M			12,017	(5)	02/24/2027	Common Stock	12,017	$0	3,341	D
Employee Stock Option (Right to Buy)(1)	$19.04	05/07/2021		M			8,786	(6)	02/24/2028	Common Stock	8,786	$0	5,968	D
Employee Stock Option (Right to Buy)(1)	$19.49	05/07/2021		M			7,808	(7)	11/15/2028	Common Stock	7,808	$0	11,864	D

Explanation of Responses:

1. These Options were originally granted by Danaher and, pursuant to the terms of the Employee Matters Agreement, were adjusted into Options relating to shares of Issuer common stock in connection with the Separation.

2. The sales reported were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.42, inclusive. The reporting person undertakes to provide to 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 ranges set forth in footnote (3) to this Form 4.

4. The Options vested as to 3,155 shares of Issuer common stock on November 15, 2019 and as to 3,255 shares of Issuer common stock on November 15, 2020.

5. The Option will vest as to 3,341 shares of Issuer common stock on February 24, 2022, subject to continued service through such date. The remainder of the Option is fully vested.

6. The Option will vest as to 2,984 shares of Issuer common stock on each of February 24, 2022 and February 24, 2023, subject to continued service through each such date. The remainder of the Option is fully vested.

7. The Option will vest as to 3,954 shares of Issuer common stock on each of November 15, 2021 and November 15, 2022 and as to 3,956 shares of Issuer common stock on November 15, 2023, subject to continued service through each such date. The remainder of the Option is fully vested.

Remarks:

	/s/ Heather Turner, Attorney-in-Fact	05/11/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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