SEC Form 4 · accession 0001421832-17-000014
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
Jul 27, 2017
Accepted (ET)
Jul 28, 2017 · 4:17 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 | Jul 27, 2017 | M | 48,604 | $9.81 | A | 144,908 | D | |
| Common Stock | Jul 27, 2017 | M | 27,469 | $12.97 | A | 172,377 | D | |
| Common StockF1 | Jul 27, 2017 | F | 52,276 | $23.75 | D | 120,101 | 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 | $9.81 | Jul 27, 2017 | M | 48,604 | D | — | Jan 4, 2023 | Common Stock | 48,604 | 143,602 | D |
| Stock Option (Right to Buy)F3 | $12.97 | Jul 27, 2017 | M | 27,469 | D | — | Jan 14, 2022 | Common Stock | 27,469 | 27,446 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 23,797 shares of common stock in connection with the net exercise of options to purchase 76,073 shares of common stock. The reporting person forfeited 52,276 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on July 27, 2017 of $23.75.
- F2The option vests according to the following schedule: 33.33% vested on January 2, 2017, and approximately 16.67% vests at the end of each six-month period thereafter, such that the option will be fully vested on January 2, 2019.
- F3The option vests according to the following schedule: 33.33% vested on January 2, 2016, and approximately 16.67% vests at the end of each six-month period thereafter, such that the option will be fully vested on January 2, 2018.