SEC Form 4 · accession 0001209191-16-094016
REALNETWORKS INC · RNWK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Mulica
Officer — President, Worldwide Sales & B
Period of report
Jan 26, 2016
Accepted (ET)
Jan 28, 2016 · 6:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001046327
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $5.10 | Jan 26, 2016 | A | 75,000 | A | Jan 26, 2016 | Jul 22, 2022 | Common Stock | 75,000 | 75,000 | D |
| Stock Option (Right to Buy)F2 | $3.68 | Jan 26, 2016 | A | 75,000 | A | Jan 26, 2016 | Jan 26, 2023 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1On July 22, 2015, the reporting person was granted an option to purchase 75,000 shares of common stock, which was scheduled to vest upon the satisfaction of certain performance criteria. On January 26, 2016, the Company's Compensation Committee certified that the performance criteria had been fully achieved and, therefore, the option fully vested on such date.
- F250% of the option was fully vested at grant, and the remaining 50% is scheduled to vest on June 6, 2016, subject to the reporting person's continued service to RealNetworks through such date.