SEC Form 4 · accession 0001209191-17-041515
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter D Aquino
Officer — President & CEO · Director
Period of report
Jun 21, 2017
Accepted (ET)
Jun 23, 2017 · 9:15 am 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 | Jun 21, 2017 | A | 250,000 | $0.00 | A | 1,835,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Received as a performance award. Of the total grant, 125,000 shares of restricted stock are subject to time-based vesting (in three year annual increments), 125,000 shares of restricted stock are subject to performance-based vesting based on Internap Corporation achieving specified stock price targets . Vesting of the shares of restricted stock is conditioned upon Mr. Aquino's continued employment with Internap Corporation, and is subject to acceleration upon certain events.