SEC Form 3 · accession 0001628280-18-013620
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry Lee Waldorf Jr.
Officer — VP, Global Marketing
Period of report
Oct 24, 2018
Accepted (ET)
Nov 5, 2018 · 4:19 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per shareF1,F2 | holding | — | — | — | 5,670 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person previously received a grant of restricted common stock on March 19, 2018, 5,670 shares of restricted common stock, with 2,835 shares subject to time-based vesting (in three year annual increments), and 2,835 shares subject to performance-based vesting based on the Issuer 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 common stock are conditioned upon continued employment with the Issuer, and are 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.