SEC Form 4 · accession 0001513905-15-000016
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
Apr 20, 2015
Accepted (ET)
Apr 22, 2015 · 7:34 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 StockF1 | Apr 20, 2015 | M | 2,757 | $5.45 | A | 114,726 | D | |
| Common StockF1,F2 | Apr 20, 2015 | S | 2,757 | $56.1283 | D | 111,969 | D | |
| Common StockF1 | Apr 20, 2015 | M | 4,093 | $8.85 | A | 116,062 | D | |
| Common StockF1,F2 | Apr 20, 2015 | S | 4,093 | $56.1283 | D | 111,969 | 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,F4,F3 | $5.45 | Apr 20, 2015 | M | 2,757 | D | — | Dec 19, 2021 | Common Stock | 2,757 | 22,052 | D |
| Non-Qualified Stock Option (right to buy)F1,F4,F5 | $8.85 | Apr 20, 2015 | M | 4,093 | D | — | Aug 26, 2020 | Common Stock | 4,093 | 32,957 | 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 $55.90 to $56.40, 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.
- F3Option 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.
- F4The 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.
- F5100% of the shares subject to the option are fully vested and exercisable.