SEC Form 4 · accession 0001057352-18-000015
COSTAR GROUP, INC. · CSGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew C Florance
Officer — President and CEO · Director
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 4:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001057352
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Feb 27, 2018 | M | 40,051 | $57.16 | A | 173,947 | D | |
| Common Stock, par value $0.01 per shareF2 | Feb 27, 2018 | M | 40,004 | $58.95 | A | 213,951 | D | |
| Common Stock, par value $0.01 per shareF3,F4 | Feb 27, 2018 | S | 80,055 | $347.10 | D | 133,896 | D | |
| Common Stock, par value $0.01 per shareF5,F6 | Feb 28, 2018 | A | 25,300 | $0.00 | A | 159,196 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Acquire Common StockF7 | $57.16 | Feb 27, 2018 | M | 40,051 | D | — | Mar 3, 2021 | Common Stock | 40,051 | 0 | D |
| Option to Acquire Common StockF8 | $58.95 | Feb 27, 2018 | M | 40,004 | D | — | Feb 20, 2022 | Common Stock | 40,004 | 0 | D |
| Option to Acquire Common StockF9 | $342.13 | Feb 28, 2018 | A | 31,000 | A | — | Feb 27, 2028 | Common Stock | 31,000 | 31,000 | D |
Explanation of responses
- F1Represents all shares of Common Stock owned, consisting of 102,940 shares of Common Stock and 71,007 shares of Common Stock subject to unvested Restricted Stock grants.
- F2Represents all shares of Common Stock owned, consisting of 142,944 shares of Common Stock and 71,007 shares of Common Stock subject to unvested Restricted Stock grants.
- F3Average based on sales prices ranging from $343.99 to $352.
- F4Represents all shares of Common Stock owned, consisting of 62,889 shares of Common Stock and 71,007 shares of Common Stock subject to unvested Restricted Stock grants.
- F5Includes a grant of 15,700 shares of restricted common stock that vest in three equal installments on February 28, 2019, February 29, 2020 and February 28, 2021, and a grant of 9,600 shares of restricted common stock that vest based upon CoStar Group, Inc.'s achievement of a three-year performance goal.
- F6Represents all shares of Common Stock owned, consisting of 62,889 shares of Common Stock and 96,307 shares of Common Stock subject to unvested Restricted Stock grants.
- F7The option vested in three equal installments on March 4, 2012, March 4, 2013 and March 4, 2014.
- F8The option vested in three equal installments on February 21, 2013, February 21, 2014 and February 21, 2015.
- F9The option vests in three equal installments on February 28, 2019, February 29, 2020 and February 28, 2021.