SEC Form 4 · accession 0001421832-17-000006
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
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 5:16 pm EST
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 | Feb 22, 2017 | M | 25,000 | $10.78 | A | 147,970 | D | |
| Common StockF1 | Feb 22, 2017 | F | 19,230 | $15.80 | D | 128,740 | 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 | $10.78 | Feb 22, 2017 | M | 25,000 | D | — | Mar 29, 2017 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 5,770 shares of common stock on net exercise of option to purchase 25,000 shares of common stock. The reporting person forfeited 19,230 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on February 22, 2017 of $15.80.
- F2The option grant was for 25,000 shares of common stock with the following vesting schedule: 33.3% of the shares vested on March 29, 2011 and an additional 16.7% vested each six (6) months thereafter, such that the option was fully vested on March 29, 2013.