SEC Form 4 · accession 0001667731-17-000199
MODEL N, INC. · MODN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neeraj Gokhale
Officer — SVP, Chief Product Officer
Period of report
Sep 8, 2017
Accepted (ET)
Sep 12, 2017 · 4:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001118417
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 8, 2017 | A | 56,603 | $0.00 | A | 56,603 | D | |
| Common StockF2 | Sep 8, 2017 | A | 18,867 | $0.00 | A | 75,470 | D | |
| Common StockF3 | Sep 8, 2017 | A | 7,547 | $0.00 | A | 83,017 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Issuable upon the vesting of Restricted Stock Units ("RSUs"). 25% of the RSUs will vest on each annual anniversary of the vesting commencement date until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- F2Issuable upon the vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon total stockholder return, between a minimum of 0% and a maximum of 250%, the PB-RSUs will vest as to 50% on each of the second and third annual anniversary of the vesting commencement date until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.
- F3Issuable upon the vesting of Restricted Stock Units ("RSUs"). 50% of these RSUs shall vest on February 15, 2018 and the other 50% shall vest on August 15, 2018.