SEC Form 4 · accession 0001209191-15-041995
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Ruffolo
Officer — President & CEO · Director
Period of report
May 11, 2015
Accepted (ET)
May 12, 2015 · 8:59 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF1,F2 | May 11, 2015 | A | 300,000 | $0.00 | A | 371,307 | 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)F3 | $9.42 | May 11, 2015 | A | 300,000 | A | — | May 10, 2025 | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F1The shares of restricted stock shall vest as follows: 34% of the grant will vest on the 90th day after the grant date, 33% will vest on the first anniversary of the grant date and 33% will vest on the second 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.
- F3The options shall vest as follows: 25% on the first anniversary of the grant date and in 36 equal monthly installments thereafter.