SEC Form 4 · accession 0001388961-17-000005
BLUCORA, INC. · BCOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Clendening
Officer — President and CEO · Director
Period of report
Jun 7, 2017
Accepted (ET)
Jun 9, 2017 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001068875
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 7, 2017 | M | 216,667 | $4.98 | A | 719,795 | D | |
| Common StockF1 | Jun 7, 2017 | F | 121,596 | $20.40 | D | 598,199 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF2 | $4.98 | Jun 7, 2017 | M | 216,667 | D | — | Apr 4, 2023 | Common Stock | 783,333 | 783,333 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 95,071 shares of common stock on net exercise of option to purchase 216,667 shares of common stock. The reporting person forfeited 121,596 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on June 7, 2017 of $20.40.
- F215% of the total option vested on April 4, 2016. The remainder vested 33.33% on April 4, 2017, and approximately 16.67% will vest at the end of each six-month period thereafter, such that the option will be fully vested on April 4, 2019.