SEC Form 4 · accession 0001209191-17-010522
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard P. Diegnan Jr.
Officer — SVP and General Counsel
Period of report
Feb 13, 2017
Accepted (ET)
Feb 14, 2017 · 5:21 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 13, 2017 | A | 45,732 | $0.00 | A | 45,732 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the total grant, 22,866 shares of restricted stock are subject to time-based vesting (in three year annual increments), 22,866 shares of restricted stock are subject to performance-based vesting based on Internap achieving specified financial performance targets. The performance-based shares will vest in three year annual increments subject to achievement of the performance targets. Vesting of the shares of restricted stock is conditioned upon continued employment with Internap, and is subject to acceleration upon certain events.
- 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.