SEC Form 4 · accession 0000899681-16-001416
INTERSECTIONS INC · INTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Kempner
Director
Period of report
May 12, 2016
Accepted (ET)
May 16, 2016 · 11:44 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001095277
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 12, 2016 | M | 1,250 | $0.00 | A | 36,215 | D | |
| Common Stock | May 12, 2016 | M | 2,000 | $0.00 | A | 38,215 | D | |
| Common Stock | May 12, 2016 | M | 3,750 | $0.00 | A | 41,965 | D | |
| Common Stock | May 12, 2016 | M | 5,000 | $0.00 | A | 46,965 | D | |
| Common StockF1 | holding | — | — | — | 44,394 | I | By Trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | May 12, 2016 | M | 1,250 | D | May 12, 2016 | May 12, 2016 | Common Stock | 1,250 | 0 | D |
| Restricted Stock UnitF2,F3 | — | May 12, 2016 | M | 2,000 | D | May 12, 2016 | May 12, 2016 | Common Stock | 2,000 | 0 | D |
| Restricted Stock UnitF2,F3 | — | May 12, 2016 | M | 3,750 | D | May 12, 2016 | May 12, 2016 | Common Stock | 3,750 | 0 | D |
| Restricted Stock UnitF2,F3 | — | May 12, 2016 | M | 5,000 | D | May 12, 2016 | May 12, 2016 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1The shares of common stock reported herein are held in equal amounts of 14,798 by three separate trusts, each trust for the benefit of one of the Reporting Person's children. The Reporting Person and the Reporting Person's spouse serve as co-trustees for each trust.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock or, at the Issuer's option, cash or a combination of the two.
- F3Mr. Kempner resigned from the Board of Directors on May 12, 2016. Effective upon his resignation, all vesting, forefeiture and other restrictions under the remaining restricted stock units were waived and the restricted stock units became immediately vested.