SEC Form 4 · accession 0001209191-15-053852
BROADSOFT, INC. · BSFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott D. Hoffpauir
Officer — Chief Technology Officer
Period of report
Jun 12, 2015
Accepted (ET)
Jun 16, 2015 · 4:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001086909
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 12, 2015 | M | 10,000 | $2.40 | A | 111,544 | D | |
| Common StockF2 | Jun 12, 2015 | S | 10,000 | $37.07 | D | 101,544 | D | |
| Common StockF3 | holding | — | — | — | 16,666 | I | By The Scott D. Hoffpauir 2000 Family Irrevocable Trust |
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 | $2.40 | Jun 12, 2015 | M | 10,000 | D | — | Jun 10, 2019 | Common Stock | 10,000 | 1,331 | D |
Explanation of responses
- F1These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2014.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.85 - $37.20, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in foonote (2) to this Form 4.
- F3Held for the benefit of the minor children of the Reporting Person. The Reporting Person disclaims beneficial ownership of any shares held by The Scott D. Hoffpauir 2000 Family Irrevocable Trust.
- F4Immediately exercisable.