SEC Form 4 · accession 0001209191-15-034624
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Stanzione
Director
Period of report
Apr 15, 2015
Accepted (ET)
Apr 16, 2015 · 4:57 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 15, 2015 | M | 27,000 | $4.60 | A | 114,980 | D | |
| Common StockF2 | Apr 15, 2015 | S | 27,000 | $10.4834 | D | 87,980 | 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) | $4.60 | Apr 15, 2015 | M | 27,000 | D | Jun 23, 2005 | Jun 23, 2015 | Common Stock | 27,000 | 0 | D |
Explanation of responses
- F1The shares covered by this Form 4 were sold pursuant to a Rule 10b5-1 Sales Plan, which is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Rule 105-1 Sales Plan was implemented to facilitate the exercise of options expiring on June 23, 2015 and the subsequent disposition of shares acquired upon exercise of such options.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.42 to $10.58, inclusive. The reporting person undertakes to provide to Internap Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.