SEC Form 4 · accession 0001209191-17-011313
QUALYS, INC. · QLYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce K Posey
Officer — VP, GC and Corp. Sec.
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 9:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001107843
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Feb 13, 2017 | S | 8,093 | $35.004 | D | 7,033 | D | |
| Common StockF3 | Feb 15, 2017 | M | 8,093 | $8.90 | A | 15,126 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $8.90 | Feb 15, 2017 | M | 8,093 | D | — | Jun 6, 2022 | Common Stock | 8,093 | 100,000 | D |
Explanation of responses
- F1The sale transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2016.
- F2The sale price represents the weighted average price of the shares sold ranging from $35.00 to $35.05 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F3The amount of securities beneficially owned following the reported transactions reflects a temporary reduction as of February 13, 2017 and a subsequent exercise of an option by the Reporting Person on February 15, 2017 for a number of shares equal to the disposed securities.
- F4The option is subject to an early exercise provision and is immediately exercisable. One fourth of the shares subject to the option vested on May 21, 2013 and one forty-eighth of the shares vest monthly thereafter.