SEC Form 4 · accession 0001470091-18-000003
BLUCORA, INC. · BCOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann J. Bruder
Officer — Chief Legal Officer & Sec'y
Period of report
Jun 19, 2018
Accepted (ET)
Jun 20, 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 | Jun 19, 2018 | M | 17,203 | $21.70 | A | 51,040 | D | |
| Common StockF1 | Jun 19, 2018 | F | 12,369 | $39.35 | D | 38,671 | D | |
| Common StockF2 | Jun 19, 2018 | F | 2,008 | $39.35 | D | 36,663 | 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)F3 | $21.70 | Jun 19, 2018 | M | 17,203 | D | — | Jun 19, 2024 | Common Stock | 17,203 | 34,409 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 4,834 shares of common stock on net exercise of options to purchase 17,203 shares of common stock. The reporting person forfeited 12,369 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on June 19, 2018 of $39.35.
- F2This transaction represents the withholding by the Issuer of shares to pay taxes in connection with the vesting of restricted stock units. The timing and amount of the transaction were determined by the terms of the applicable restricted stock unit award and were not within the control of the Reporting Person.
- F333.33% of the stock option grant vested on June 19, 2018, and approximately 16.67% of the grant will vest at the end of each six month period thereafter with the final vesting date to occur on June 19, 2020.