SEC Form 4 · accession 0001209191-18-045859
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
Aug 6, 2018
Accepted (ET)
Aug 8, 2018 · 5:04 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 | Aug 6, 2018 | M | 80,784 | $0.00 | A | 445,557 | D | |
| Common Stock | Aug 6, 2018 | F | 36,312 | $142.86 | D | 409,245 | D | |
| Common StockF4 | Aug 7, 2018 | S | 40,372 | $142.49 | D | 368,873 | D | |
| Common StockF5 | Aug 7, 2018 | S | 3,600 | $143.11 | D | 365,273 | D | |
| Common StockF6 | Aug 7, 2018 | S | 500 | $144.16 | D | 364,773 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF7 | $0.00 | Aug 6, 2018 | M | 80,784 | D | — | — | Common Stock | 80,784 | 0 | D |
Explanation of responses
- F1Represents shares earned by the reporting person under the Performance Share Unit Agreement between the reporting person and the Company dated August 6, 2014.
- F2Represents shares withheld from the reporting person to satisfy reporting person's tax obligations related to the vesting.
- F3This stock sale was effected pursuant to a Rule 10b5-1 trading plan effective November 7, 2017.
- F4Represents the weighted average sale price per share. The shares were sold at prices ranging from $141.91 - $142.90 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F5Represents the weighted average sale price per share. The shares were sold at prices ranging from $142.91 - $143.65 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F6Represents the weighted average sale price per share. The shares were sold at prices ranging from $143.86-144.44 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F7Performance share unit award's vesting is subject to the achievement of a performance objective relating to a significant increase in total shareholder return. Subject to continued service, (i) 50% of the award vests upon achievement of the performance objective and (ii) the remaining 50% vests on August 6, 2018.