SEC Form 4 · accession 0001209191-16-101556
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Andrew Orchard
Officer — SVP & GM, Data Ctr & Ntwk Svcs
Period of report
Feb 20, 2016
Accepted (ET)
Feb 23, 2016 · 6:16 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 Stock | Feb 20, 2016 | F | 1,760 | $2.11 | D | 86,786 | D | |
| Restricted Common Stock | Feb 21, 2016 | F | 1,479 | $2.11 | D | 85,307 | D | |
| Restricted Common StockF2,F3 | Feb 22, 2016 | A | 22,326 | $0.00 | A | 107,633 | D | |
| Restricted Common StockF4,F3 | Feb 22, 2016 | A | 25,138 | $0.00 | A | 132,771 | 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)F5 | $2.00 | Feb 22, 2016 | A | 66,359 | A | — | Feb 21, 2026 | Common Stock | 66,359 | 66,359 | D |
Explanation of responses
- F1Shares withheld to satisfy minimum statutory tax obligations on vesting of restricted stock.
- F2The shares of restricted stock shall vest annually in four equal installments beginning on the first anniversary of the grant date.
- F3The restricted common stock was awarded in an exempt transaction pursuant to Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended.
- F4The shares of restricted stock shall vest in three installments: 30% will vest on August 30, 2016, 30% will vest on February 28, 2017 and 40% will vest on August 30, 2017.
- F5The options shall vest as follows: 25% on the first anniversary of the grant date and in 36 equal monthly installments thereafter.