SEC Form 4 · accession 0001209191-17-003027
BROADSOFT, INC. · BSFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew M Geisse
Director
Period of report
Jan 5, 2017
Accepted (ET)
Jan 9, 2017 · 6:01 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 | Jan 5, 2017 | A | 2,951 | $0.00 | A | 10,627 | D | |
| Common StockF2 | Jan 5, 2017 | A | 1,062 | $42.35 | A | 11,689 | 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 January 5, 2017 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") in respect of the $125,000 Annual Equity Retainer (as defined in the Policy). The total number of shares of common stock underlying RSUs is a result of dividing the Annual Equity Retainer by the closing price of the Issuer's common stock on the date of issue, rounded down to the nearest whole number. The RSUs vest 25% on the last day of each 2017 calendar quarter assuming the Reporting Person remains a member of the Board of Directors through the end of the relevant calendar quarter. 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.
- F2Represents 1,062 shares of common stock underlying the RSUs issued to the Reporting Person in lieu of the $45,000 Annual Cash Retainer (as defined in the Policy) for the 2017 calendar year. The total number of shares of common stock underlying the RSUs is a result of dividing the Annual Cash Retainer by the closing price of the Issuer's common stock on the date of issue, rounded down to the nearest whole number. The RSUs vest 25% on the last day of each 2017 calendar quarter assuming the Reporting Person remains a member of the Board of Directors through the end of the relevant calendar quarter. 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.