SEC Form 4 · accession 0001140361-16-084379
Support.com, Inc. · SPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth Cholawsky
Officer — President & CEO
Period of report
Oct 28, 2016
Accepted (ET)
Nov 1, 2016 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001104855
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 28, 2016 | M | 109,376 | $0.00 | A | 202,957 | D | |
| Common StockF2 | Oct 28, 2016 | F | 41,103 | $0.821 | D | 161,854 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3 | $0.00 | Oct 28, 2016 | M | 109,376 | D | — | — | Common Stock | 109,376 | 0 | D |
Explanation of responses
- F1Shares of Common Stock were withheld by the Company to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock units. The withheld shares were returned to treasury.
- F2Reflect the number of shares of common stock owned as of October 28, 2016.
- F3Restricted Stock Units have been accelerated pursuant to a Separation Agreement and General Release, dated October 31, 2016, between Support.com, Inc. and Elizabeth Cholawsky. Under the original terms of the award, 1/4th of the shares vested on each anniversary of the May 16, 2014 grant date.