Merit Medical Systems (MMSI) Form 4 MERIT MEDICAL SYSTEMS / Ronald Frost 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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

X

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^*

Frost Ronald

(Last) (First) (Middle)

1600 WEST MERIT PARKWAY

(Street)

SOUTH JORDAN UT 84095

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MERIT MEDICAL SYSTEMS INC [ MMSI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2022

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, No Par Value	08/10/2022		M		20,000	A	$16.05	35,144	D
Common Stock, No Par Value	08/10/2022		S		20,000	D	$62.1(1)	15,144	D
Common Stock, No Par Value								16,284	I	By 401(k) plan

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
Non-qualified stock options (right to buy)	$16.05	08/10/2022		M			20,000	01/28/2017(2)	01/28/2023	Common stock	20,000	$0	0	D
Non-qualified stock options (right to buy)	$56.25							03/19/2022(3)	03/19/2028	Common Stock	9,681		9,681	D
Non-qualified stock options (right to buy)	$28.2							04/14/2018(4)	04/14/2024	Common Stock	50,000		50,000	D
Non-qualified stock options (right to buy)	$44.8							03/02/2019(5)	03/02/2025	Common Stock	40,000		40,000	D
Non-qualified stock options (right to buy)	$55.73							03/01/2020(6)	03/01/2026	Common Stock	30,000		30,000	D
Non-qualified stock options (right to buy)	$37.71							02/26/2021(7)	02/26/2027	Common Stock	16,722		16,722	D
Non-qualified stock options (right to buy)	$65.03							02/28/2023(8)	02/28/2029	Common Stock	8,094		8,094	D

Explanation of Responses:

1. The price reported in Column 4 of Table 1 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.05 to $62.24, inclusive. The Reporting Person undertakes to provide to Merit Medical Systems, Inc., any security holder of Merit Medical Systems, Inc., 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 Form 4.

2. Become exercisable in equal annual installments of 20% commencing 01/28/2017.

3. Become exercisable in equal annual installments of 25% commencing 03/19/2022.

4. Become exercisable in equal annual installments of 20% commencing 04/14/2018.

5. Become exercisable in equal annual installments of 20% commencing 03/02/2019.

6. Become exercisable in equal annual installments of 20% commencing 03/01/2020.

7. Become exercisable in equal annual installments of 25% commencing 02/26/2021.

8. Becomes exercisable in equal annual installments of 25% commencing 02/28/2023.

	/s/ Brian G. Lloyd, Attorney-in-Fact	08/12/2022
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.