SEC Form 4 · accession 0001513905-15-000012

ELLIE MAE INC · ELLI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jonathan Corr

Officer — President & CEO

Period of report

Mar 20, 2015

Accepted (ET)

Mar 24, 2015 · 6:36 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001122388

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Mar 20, 2015	M	4,094	$8.85	A	129,113	D
Common Stock^F1,F2	Mar 20, 2015	S	4,094	$55.3348	D	125,019	D
Common Stock^F1	Mar 20, 2015	M	2,756	$5.45	A	127,775	D
Common Stock^F1,F2	Mar 20, 2015	S	2,756	$55.3348	D	125,019	D
Common Stock^F3,F4,F5	Mar 23, 2015	S	6,875	$55.648	D	118,144	D
Common Stock	holding	—	—		—	70,341	I	by Trust

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F1,F7,F6	$5.45	Mar 20, 2015	M	2,756	D	—	Dec 19, 2021	Common Stock	2,756	24,809	D
Non-Qualified Stock Option (right to buy)^F1,F7,F8	$8.85	Mar 20, 2015	M	4,094	D	—	Aug 26, 2020	Common Stock	4,094	37,050	D

Explanation of responses

F1The exercise and sale of these stock options was completed pursuant to the Rule 10b5-1 trading plan adopted by Jonathan H. Corr.
F2The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $54.795 to $55.565, inclusive. The reporting person undertakes to provide to Ellie Mae, Inc., any security holder of Ellie Mae, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F4Reflects shares of common stock issued and sold in connection with the Compensation Committee of the Board of Directors certification on March 20, 2014 of the achievement of performance goals under the 2013 performance share awards. 25% of the total shares awarded were issued as fully vested shares on or about April 21, 2014. An additional 25% of the total shares awarded will vest on each of March 20, 2015, March 20, 2016, and March 20, 2017, subject to continuous service through such dates.
F5The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $55.465 to $55.70, inclusive. The reporting person undertakes to provide to Ellie Mae, Inc., any security holder of Ellie Mae, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4.
F6Option vests with respect to 25% of the shares subject thereto on December 19, 2012, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on December 19, 2015.
F7The reported transaction is a grant of a derivative security, in which we have left column 8 blank, and have reported the exercise or conversion price of the derivative security in column 2.
F8100% of the shares subject to the option are fully vested and exercisable.