SEC Form 4 · accession 0001388961-18-000009
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
May 17, 2018
Accepted (ET)
May 18, 2018 · 4:33 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 StockF1 | May 17, 2018 | M | 35,000 | $4.98 | A | 660,333 | D | |
| Common StockF1 | May 17, 2018 | F | 16,734 | $35.70 | D | 643,599 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $4.98 | May 17, 2018 | M | 35,000 | D | — | Apr 4, 2023 | Common Stock | 35,000 | 451,166 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 18,266 shares of common stock on net exercise of option to purchase 35,000 shares of common stock. The reporting person forfeited 16,734 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on May 17, 2018 of $35.70.
- F215% of the total option vested on April 4, 2016. The remainder vested 33.33% on April 4, 2017, and approximately 16.67% vests at the end of each six-month period thereafter, such that the option will be fully vested on April 4, 2019.