SEC Form 4 · accession 0001437749-17-010609
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
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 1:43 pm EDT
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 StockF2 | Jun 1, 2017 | A | 23,638 | $0.00 | A | 51,819 | D | |
| Common Stock | Jun 1, 2017 | F | 2,282 | $16.50 | D | 49,537 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares represent an award of restricted stock units.
- F2These shares represent an award of Restricted Stock Units (Total Shares). Of the Total Shares: (1) 8,138 shall vest as follows: 25% of the Total Shares vested on June 1, 2017 and 25% of the Total Shares shall vest annually thereafter until fully vested, subject to the Recipient's continued service through each applicable vesting date; and (2) 15,500 shall vest as follows: 12.5% of the total shares shall vest on the date that is six (6) month after June 1, 2017 and 12.5% of the total shares shall vest on each date that is six (6) months thereafter until fully vested, subject to the Recipient's continued service through each applicable vesting date.
- F3This represents a disposition of shares to the Company to satisfy tax withholding obligations with respect to the vesting of Restricted Stock rights. This is not a sale of shares in the market.