SEC Form 4 · accession 0001209191-16-105625
BROADSOFT, INC. · BSFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jane A Dietze
Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:53 pm EST
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 StockF1,F2 | Mar 1, 2016 | A | 2,071 | $0.00 | A | 2,689 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock underlying restricted stock units (the "RSUs") granted on March 1, 2016 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") in respect of the $95,000 Annual Equity Retainer (as defined in the Policy). The RSUs represent a pro-rata amount (the "Pro-Rata Amount") of the $95,000 Annual Equity Retainer (as defined in the Policy) for the remaining 306 days of service in the calendar year 2016 beginning on March 1, 2016. The Pro-Rata Amount of $79,426.23 is obtained by multiplying $95,000 by 306/366. The total number of shares of common stock underlying the RSUs is a result of dividing the Pro-Rata Amount by the closing price of the Issuer's common stock on the date of grant, rounded down to the nearest whole number.
- F2The RSUs vest 25% on the last day of each 2016 calendar quarter assuming the Reporting Person remains a member of the Board of Directors through the end of the relevant calendar quarter, such that the award shall fully vest on December 31, 2016. In the event the Reporting Person's service on the Board terminates (other than for cause) prior to the end of a calendar quarter, the RSUs granted shall vest pro-rata based on the portion of the calendar quarter during which such Reporting Person served as a director.