SEC Form 4 · accession 0001209191-15-009045
Strategy Inc · MSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Edwin Lang
Officer — SEVP & CTO
Period of report
Feb 2, 2015
Accepted (ET)
Feb 3, 2015 · 5:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050446
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to buy)F1,F2 | $165.01 | Feb 2, 2015 | A | 50,000 | A | — | Feb 2, 2025 | Class A Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1This option grant was approved by a committee of MicroStrategy Incorporated's board of directors on February 2, 2015, subject to stockholder approval of Amendment No. 1 to the MicroStrategy Incorporated 2013 Stock Incentive Plan ("Amendment No. 1"). This option will automatically terminate if such stockholder approval is not obtained within twelve months of February 2, 2015.
- F2This option vests as to 12,500 shares on the first anniversary of the grant date, and as to an additional 12,500 shares on each anniversary thereafter until the option is vested in full; provided, however, that this option is not exercisable prior to stockholder approval of Amendment No. 1.