SEC Form 4 · accession 0001421832-16-000004
BLUCORA, INC. · BCOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Michael Emans
Officer — Chief Financial Officer
Period of report
May 4, 2016
Accepted (ET)
May 6, 2016 · 5:39 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 | May 4, 2016 | M | 52,500 | $7.10 | A | 157,640 | D | |
| Common StockF1 | May 4, 2016 | F | 45,344 | $8.74 | D | 112,296 | 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 | $7.10 | May 4, 2016 | M | 52,500 | D | — | May 11, 2016 | Common Stock | 52,500 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 7,156 shares of common stock on net exercise of option to purchase 52,500 shares of common stock. The reporting person forfeited 45,344 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on May 4, 2016 of $8.74.
- F2The original option grant was for 105,000 shares of common stock with the following vesting schedule: 33.3% of the shares vested on April 1, 2010 and an additional 16.7% vested each six (6) months thereafter, such that the option was fully vested on April 1, 2012.