SEC Form 4 · accession 0001628280-18-000093
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Potts
Director
Period of report
Dec 31, 2017
Accepted (ET)
Jan 3, 2018 · 4:29 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,F3 | Dec 31, 2017 | A | 438 | $0.00 | A | 7,155 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting Person has elected to receive restricted common stock in lieu of the annual retainer fees payable for services on Internap Corporation's Board of Directors and any committees thereof. The restricted common stock are awarded on the date such fees would otherwise be payable, and vest one hundred percent on the one year anniversary of date of issuance.
- 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.
- F3On November 20, 2017, the Issuer effected a 1-for-4 reverse stock split of its Common Stock. The amount of securities reported as beneficially owned in this Form 4 has been adjusted to reflect the reverse stock split.