SEC Form 4 · accession 0001453088-18-000002
BLUCORA, INC. · BCOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Davinder S Athwal
Officer — Chief Financial Officer
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 4:37 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 StockF1,F2 | Feb 21, 2018 | A | 32,652 | $0.00 | A | 32,652 | 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)F4,F3 | $24.50 | Feb 21, 2018 | A | 58,775 | A | — | Feb 21, 2025 | Common Stock | 58,775 | 58,775 | D |
Explanation of responses
- F1Reflects (a) an initial grant of 12,244 restricted stock units ("RSUs") and (b) an annual grant of 20,408 RSUs that were made to the reporting person upon joining the company on February 21, 2018.
- F2Not included in this amount are 10,204 performance-based restricted stock units, of which from 0% to 200% are eligible to vest on January 1, 2021 subject to the Issuer's achievement of certain financial goals over a three-year period and certification by the Compensation Committee.
- F3The options vest according to the following schedule: one-third vests on February 21, 2019, an additional one-third vest on February 21, 2020, and the remaining one-third will vest on February 21, 2021, such that both options will be fully vested on February 21, 2021.
- F4Reflects (a) an initial grant of 26,122 non-qualified stock option shares and (b) an annual grant of 32,653 non-qualified stock option shares that were made to the reporting person upon joining the company on February 21, 2018.