SEC Form 4 · accession 0001209191-16-117031
SCIQUEST INC · SQI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Nelson
Director
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082526
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 29, 2016 | M | 3,169 | $0.00 | A | 8,269 | D |
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 29, 2016 | M | 3,169 | D | Apr 29, 2016 | — | Common Stock | 3,169 | 22,625 | 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.
Remarks
This filing reflects the issuance of 50% of the shares issuable under a restricted stock unit granted on April 29, 2015. The remaining 50% of the shares issuable under such restricted stock unit will be issued upon the termination of the reporting person's service on the Board of Directors.