SEC Form 4 · accession 0001671704-19-000004
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 22, 2019
Accepted (ET)
Feb 22, 2019 · 9:48 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 Stock | Feb 22, 2019 | S | 9,285 | $17.06 | D | 124,855 | D | |
| Common StockF2 | Feb 22, 2019 | S | 2,829 | $17.06 | D | 134,934 | 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 Performance-Based Restricted Stock Units ("PB-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 7,575 and 5,333 shares of common stock issued upon vesting of Performance-Based RSUs ("PB-RSUs") granted to the Reporting Person on May 12, 2016 and May 22, 2017 in connection with the achievement of 132% and 228%, respectively, of certain performance criteria related to the Reporting Person's PB-RSUs.