SEC Form 4 · accession 0001209191-16-144230
REALNETWORKS INC · RNWK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Patrizio
Officer — President, Consumer Media
Period of report
Oct 3, 2016
Accepted (ET)
Oct 4, 2016 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001046327
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 3, 2016 | M | 10,000 | $0.00 | A | 10,000 | D | |
| Common StockF2 | Oct 3, 2016 | F | 3,265 | $4.43 | D | 6,735 | D |
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)F3 | $4.43 | Oct 3, 2016 | A | 350,000 | A | Sep 19, 2017 | Oct 3, 2023 | Common Stock | 350,000 | 350,000 | D |
| Restricted Stock UnitF4,F5 | $0.00 | Oct 3, 2016 | A | 20,000 | A | Sep 19, 2016 | Sep 19, 2017 | Common Stock | 20,000 | 20,000 | D |
| Restricted Stock UnitF6 | $0.00 | Oct 3, 2016 | M | 10,000 | D | Oct 3, 2016 | Oct 3, 2016 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Vested restricted stock units were distributed to the reporting person, without payment, in shares of common stock on a unit-for-share basis.
- F2Shares deemed surrendered in payment of the tax liability resulting from the vesting of restricted stock units.
- F325% of the option vests on the one-year anniversary of the vesting commencement date, and an additional 12.5% of the option vests upon the completion of each successive six months of employment until the option becomes fully vested.
- F4Each restricted stock unit represents a contingent right to receive one share of RealNetworks common stock.
- F550% of the restricted stock unit award was deemed vested on the grant date and the remaining 50% will vest on September 19, 2017, subject to the reporting person's continued employment with the company through such date.
- F6Converts into common stock on a unit-for-share basis upon vesting.