SEC Form 4 · accession 0001537873-17-000005
BLUCORA, INC. · BCOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Finkelstein
Officer — Chief Legal & Admin Officer
Period of report
May 4, 2017
Accepted (ET)
May 8, 2017 · 5:30 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, 2017 | M | 137,807 | $15.24 | A | 174,631 | D | |
| Common StockF1 | May 4, 2017 | F | 116,772 | $19.40 | D | 57,859 | D | |
| Common Stock | May 4, 2017 | M | 58,268 | $9.81 | A | 116,127 | D | |
| Common StockF2 | May 4, 2017 | F | 41,548 | $19.40 | D | 74,579 | D | |
| Common StockF3 | May 8, 2017 | S | 2,500 | $20.7678 | D | 72,079 | D | |
| Common StockF3 | May 8, 2017 | S | 16,774 | $20.4444 | D | 55,305 | D | |
| Common StockF3 | May 8, 2017 | S | 37,755 | $20.4447 | D | 17,550 | 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 | $15.24 | May 4, 2017 | M | 137,807 | D | — | Sep 30, 2021 | Common Stock | 137,807 | 0 | D |
| Stock Option (Right to Buy)F5 | $9.81 | May 4, 2017 | M | 58,268 | D | — | Jan 4, 2023 | Common Stock | 58,268 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 21,035 shares of common stock on net exercise of option to purchase 137,807 shares of common stock. The reporting person forfeited 116,772 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, 2017 of $19.40.
- F2Represents a "net exercise" of outstanding stock options. The reporting person received 16,720 shares of common stock on net exercise of option to purchase 58,268 shares of common stock. The reporting person forfeited 41,548 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, 2017 of $19.40.
- F3As previously disclosed by the issuer, the reporting person has informed the issuer that he intends to resign on the later of the date on which the issuer moves its headquarters from Bellevue, Washington to Irving, Texas (which is expected to occur on or before June 1, 2017) or July 1, 2017.
- F4The option grant was for 165,354 shares of common stock with the following vesting schedule: 33.3% of the shares vested on September 30, 2015 and an additional 16.7% vested each six (6) months thereafter, such that the option will be fully vested on September 30, 2017, unless vesting is accelerated under the terms of reporting person's employment agreement.
- F5The option grant was for 174,821 shares of common stock with the following vesting schedule: 33.3% of the shares vested on January 2, 2017 and an additional 16.7% vested each six (6) months thereafter, such that the option will be fully vested on January 2, 2019, unless vesting is accelerated under the terms of reporting person's employment agreement.