SEC Form 4 · accession 0001209191-16-123568
RED HAT INC · RHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Whitehurst
Officer — CEO & President · Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 4:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001087423
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 24, 2016 | S | 43,425 | $75.00 | D | 409,538 | D | |
| Common Stock | May 25, 2016 | A | 38,812 | $0.00 | A | 448,350 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This stock sale was effected pursuant to a Rule 10(b)5-1 trading plan effective November 6, 2015.
- F2Represents a service-based restricted stock award vesting over four years that is subject to the achievement of a financial performance objective. If the performance objective is not achieved, the entire award is forfeited. If the performance objective is achieved, the award vests, subject to continued service, (i) 25% on July 16, 2017 (or if such date is not a trading day for the New York Stock Exchange, or such other stock exchange on which the Company's shares are then listed, on the first trading day following such date) and (ii) 6.25% on a quarterly basis over the subsequent three-year period.