SEC Form 4 · accession 0001667731-18-000088
MODEL N, INC. · MODN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark, Albert Anderson
Officer — SVP, Global Services
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 8:31 pm EST
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 StockF2 | Feb 23, 2018 | S | 10,153 | $16.65 | D | 98,671 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1All shares reported as disposed of in this Form 4 were sold by the Reporting Person in order to pay the federal and state tax withholding obligations resulting from the vesting of the Reporting Person's Restricted Stock Units ("RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- F2Includes an additional 8,522 shares of common stock issued upon vesting of Performance-Based RSUs ("PB-RSUs") granted to the Reporting Person on May 12, 2016 in connection with the achievement of 136% of certain performance criteria related to Reporting Person's PB-RSUs.