SEC Form 4 · accession 0001209191-16-151627
Strategy Inc · MSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jarrod M Patten
Director
Period of report
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 1:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050446
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Nov 18, 2016 | M | 3,317 | $121.43 | A | 3,317 | D | |
| Class A Common StockF1 | Nov 18, 2016 | S | 3,317 | $197.20 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to buy)F3,F2 | $121.43 | Nov 18, 2016 | M | 3,317 | D | — | Apr 30, 2024 | Class A Common Stock | 3,317 | 31,683 | D |
Explanation of responses
- F1The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.93 to $197.27, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.
- F2The 3,317 shares exercised on November 18, 2016 pursuant to this option vested on April 30, 2015. Of the remaining 31,683 shares subject to this option, 5,433 shares vested on April 30, 2015, 8,750 shares vested on April 30, 2016, 8,750 shares are scheduled to vest on April 30, 2017, and 8,750 shares are scheduled to vest on April 30, 2018.
- F3See Exhibit A.