SEC Form 4 · accession 0001127602-16-057332
ALTABA INC. · AABA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maynard G Webb Jr.
Director
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 6:13 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 Stock | Jun 24, 2016 | G | 5,862 | $0.00 | D | 7,940 | D | |
| Common Stock | Jun 24, 2016 | G | 5,862 | $0.00 | A | 47,049 | I | By Webb Family Trust |
| Common Stock | Jun 30, 2016 | G | 1,717 | $0.00 | D | 6,223 | D | |
| Common Stock | Jun 30, 2016 | G | 1,717 | $0.00 | A | 48,766 | I | By Webb Family Trust |
| Common StockF1 | Jun 30, 2016 | A | 6,389 | $0.00 | A | 12,612 | D | |
| Common StockF2 | Jun 30, 2016 | A | 1,797 | — | A | 14,409 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares represent restricted stock units granted automatically under the Yahoo! Inc. Directors' Stock Plan on the date of Yahoo!'s annual meeting of shareholders. Each restricted stock unit represents the contingent right to receive one share of Yahoo! common stock. These units are scheduled to vest in four equal quarterly installments such that they will be fully vested on the first anniversary of the date of grant (or, if earlier, the day before Yahoo!'s next annual meeting of shareholders), subject to the reporting person's continuous service as a director. Vested shares will generally be delivered on the earlier of the last vesting date and the date the director's service terminates, subject to any election by the reporting person to defer payment.
- F2These shares represent an automatic grant of restricted stock units under the Yahoo! Inc. Directors' Stock Plan (which permits directors to elect to receive payment of quarterly directors' fees in the form of restricted stock units). This grant was made in lieu of cash fees of $67,500.00. Each restricted stock unit represents the right to receive one share of Yahoo! Inc. common stock. These units are fully vested on the date of grant. Vested shares will generally be delivered on the earlier of the date the director's service terminates or the first anniversary of the date of grant, subject to any election by the reporting person to defer payment.