SEC Form 4 · accession 0001209191-15-017926
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Eric Cooney
Officer — CEO & President · Director
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 5:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001056386
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF1,F2 | Feb 20, 2015 | A | 47,496 | $0.00 | A | 953,800 | D | |
| Restricted Common Stock | Feb 21, 2015 | F | 3,576 | $9.04 | D | 950,224 | D | |
| Restricted Common Stock | Feb 24, 2015 | F | 2,961 | $9.33 | D | 947,263 | 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)F4 | $9.04 | Feb 20, 2015 | A | 154,722 | A | — | Feb 19, 2025 | Common Stock | 154,722 | 154,722 | D |
Explanation of responses
- F1The shares of restricted stock shall vest annually in four equal installments beginning on the first anniversary of the grant date.
- F2The restricted common stock was awarded in an exempt transaction pursuant to Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended.
- F3Shares withheld to satisfy minimum statutory tax obligations on vesting of restricted stock.
- F4The options shall vest as follows: 25% on the first anniversary of the grant date and in 36 equal monthly installments thereafter.