SEC Form 4 · accession 0001214659-18-001389
ANSYS INC · ANSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard S. Mahoney
Officer — VP, WORLDWIDE SALES & SUPPORT
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013462
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F5 | Feb 15, 2018 | M | 2,852 | $0.00 | A | 18,052 | D | |
| Common StockF2,F5 | Feb 15, 2018 | F | 813 | $162.41 | D | 17,239 | D | |
| Common StockF3,F4,F5 | Feb 16, 2018 | S | 2,039 | $162.01 | D | 15,200 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitF7,F6 | $0.00 | Feb 15, 2018 | M | 2,852 | D | — | — | Common Stock | 2,852 | 9,274 | D |
Explanation of responses
- F1Awarded under the Issuer's Fifth Amended and Restated 1996 Stock and Option Grant Plan. Shares earned upon vesting and settlement of 50% of the earned Performance Restricted Stock Units for the annual period ending December 31, 2017, upon certification of performance results by the Compensation Committee of 200% of target for the annual period ended December 31, 2017. The remaining 50% of the earned Performance Restricted Stock Units for such annual period ending December 31, 2017 shall vest, if at all, on December 31, 2019, and upon certification of performance results by the Compensation Committee.
- F2Shares withheld for payment of taxes in connection with the vesting and settlement of Performance Restricted Stock Units described in footnote 1 above.
- F3Pursuant to a 10b5-1 plan currently in place.
- F4The sales were executed in a series of transactions with a price range of $162.00 to $162.11, inclusive, with a weighted average price of $162.01. The reporting person undertakes to provide to ANSYS, Inc., any security holder of ANSYS, 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 ranges set forth in this footnote.
- F5Includes 15,200 Restricted Stock Units.
- F6Awarded under the Issuer's Fifth Amended and Restated 1996 Stock and Option Grant Plan. Performance Restricted Stock Units awarded March 5, 2017 represented a contingent right to receive shares of ANSYS Common Stock upon vesting and settlement of Performance Share Units and certification of performance results by the Compensation Committee. See footnote 1 for additional information.
- F7Under terms of award, assuming certain target levels are achieved, an additional 9,274 Performance Restricted Stock Units may be earned upon certification of performance results for the remaining award periods. See footnote 1 for additional information.