SEC Form 4 · accession 0001127602-15-026240
ALTABA INC. · AABA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa Utzschneider
Officer — Chief Revenue Officer
Period of report
Aug 27, 2015
Accepted (ET)
Aug 31, 2015 · 5:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001011006
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 27, 2015 | A | 148,411 | $0.00 | A | 466,627 | D | |
| Common StockF2 | Aug 27, 2015 | A | 37,102 | $0.00 | A | 503,729 | D | |
| Common StockF3 | Aug 27, 2015 | A | 111,308 | $0.00 | A | 615,037 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted stock units under the Yahoo! Inc. ("Company") Stock Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Company common stock. Subject to accelerated vesting in certain circumstances, the restricted stock units are scheduled to vest in 48 equal monthly installments, as long as the reporting person remains in the service of the Company through the respective vesting date.
- F2Represents a grant of performance-based restricted stock units under the Company Stock Plan. The target number of units is presented in the table. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, 100% of the target number of units is scheduled to vest following the 2015 annual performance period. The number of units that actually vest will be 0% to 200% of the scheduled amount, depending on the extent to which the Company meets or exceeds certain financial performance goals. The maximum number of units that may vest is 74,204 (200% of the target number). Vested restricted stock units will be paid in an equal number of shares of Company common stock.
- F3Represents a grant of performance-based restricted stock units under the Company Stock Plan. The target number of units is presented in the table. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, one-third (1/3) of the target number of units are scheduled to vest following each of the 2016, 2017 and 2018 annual performance periods. Each year, the number of units that actually vest will be 0% to 200% of the scheduled amount, depending on the extent to which the Company meets or exceeds certain financial performance goals. The maximum number of units that may vest over three years is 222,616 (200% of the target number). Vested restricted stock units will be paid in an equal number of shares of Company common stock.