SEC Form 4 · accession 0001209191-16-116322
SCIQUEST INC · SQI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Nelson
Director
Period of report
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 9:02 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082526
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Apr 27, 2016 | A | 8,481 | A | Apr 27, 2017 | — | Common Stock | 8,481 | 25,794 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of common stock upon vesting without consideration.
- F2This restricted stock unit vests in its entirety on the first anniversary of the date of grant. Once vested, (i) 50% of the shares subject to this restricted stock unit are immediately issuable upon vesting and (ii) 50% of the shares subject to this restricted stock unit shall be issuable upon the termination of the reporting person's service on the Board of Directors.