SEC Form 4 · accession 0001437749-17-002910
PDF SOLUTIONS INC · PDFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cornelis Hartgring
Officer — Vice President, CSS
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 8:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001120914
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 16, 2017 | M | 10,855 | — | A | 47,441 | D | |
| Common StockF3 | Feb 16, 2017 | S$0 | 17,952 | — | D | 29,489 | D | |
| Common StockF4 | Feb 17, 2017 | S$0 | 981 | — | D | 28,508 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F5 | $6.21 | Feb 16, 2017 | M | 1,688 | D | — | May 26, 2021 | Common Stock | 1,688 | 0 | D |
| Stock Options (Right to Buy)F6 | $8.79 | Feb 16, 2017 | M | 2,500 | D | — | May 22, 2022 | Common Stock | 2,500 | 0 | D |
| Stock Options (Right to Buy)F7 | $8.79 | Feb 16, 2017 | M | 6,667 | D | — | May 22, 2022 | Common Stock | 6,667 | 0 | D |
Explanation of responses
- F1Includes exercise of fully vested stock options grants awarded to the Reporting person on May 22, 2011 and on May 22, 2012
- F2Includes 1,561 shares of common stock that were purchased on January 31, 2017 under the PDF Employee Stock Purchase Plan
- F3Average weighted sale price for shares disposed of in the reported transaction. The shares were sold in multiple brokers' transactions at various market prices per share ranging from $22.00 to $22.52.
- F4Average weighted sale price for shares disposed of in the reported transaction. The shares were sold in multiple brokers' transactions at various market prices per share ranging from $22.134 to $22.1596.
- F5Earliest vesting date of the stock options granted on May, 27, 2011 was June 27, 2011 with 1/48th of the total shares vesting monthly until fully vested on June 27, 2014.
- F61/4th of the total number of shares subject to option vested on May 22, 2012 and 1/4th of the total shares vested each anniversary of the grant date, fully vested on May 22, 2015.
- F7Earliest vesting date of the total stock options granted on May 22, 2012 was June 22, 2012 1/48th of the total shares vesting monthly until fully vested on June 22, 2016.