SEC Form 4 · accession 0001127602-16-045828
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
Mar 7, 2016
Accepted (ET)
Mar 9, 2016 · 5:55 pm EST
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 | Mar 7, 2016 | A | 73,616 | $0.00 | A | 652,108 | D | |
| Common StockF2 | Mar 7, 2016 | A | 73,616 | $0.00 | A | 725,724 | D | |
| Common StockF3 | Mar 7, 2016 | D | 42,761 | $0.00 | D | 682,963 | D | |
| Common StockF4 | Mar 7, 2016 | D | 31,908 | $0.00 | D | 651,055 | D | |
| Common StockF5 | Mar 7, 2016 | F | 2,869 | $33.96 | D | 648,186 | D | |
| Common StockF6 | Mar 7, 2016 | F | 2,141 | $33.96 | D | 646,045 | 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 Yahoo! Inc. 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-fourth (1/4) of the target number of units is scheduled to vest annually, following each of the 2016, 2017, 2018 and 2019 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 Yahoo! Inc. meets or exceeds certain financial performance goals. The maximum number of units that may vest over four years is 147,232 (200% of the target number). Vested restricted stock units will be paid in an equal number of shares of Yahoo! Inc. common stock.
- F3Represents the forfeiture of performance-based restricted stock units granted to the reporting person on December 3, 2014 that were eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 7, 2016, the Company determined that, based on the Company's performance over the applicable performance period, 6,960 stock units would vest and 42,761 stock units would be forfeited.
- F4Represents the forfeiture of performance-based restricted stock units granted to the reporting person on August 27, 2015 that were eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 7, 2016, the Company determined that, based on the Company's performance over the applicable performance period, 5,194 stock units would vest and 31,908 stock units would be forfeited.
- F5Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 6,960 restricted stock units granted to the reporting person on December 3, 2014.
- F6Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 5,194 restricted stock units granted to the reporting person on August 27, 2015.