SEC Form 4 · accession 0001209191-17-019841
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
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 4:15 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)F2,F1 | $189.16 | Mar 8, 2017 | A | 30,000 | A | — | Mar 8, 2027 | Class A Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1This option vests as to 7,500 shares on the first anniversary of the grant date, and as to an additional 7,500 shares on each anniversary thereafter until the option is vested in full.
- F2Mr. Lang also directly owns an employee stock option to purchase 50,000 shares of Class A common stock with (i) an exercise price of $165.01 per share and (ii) an expiration date of February 2, 2025. Of the 50,000 shares subject to this option, 12,500 shares vested on February 2, 2016, 12,500 shares vested on February 2, 2017, 12,500 shares are scheduled to vest on February 2, 2018 and 12,500 shares are scheduled to vest on February 2, 2019.