SEC Form 4 · accession 0001513905-16-000062
ELLIE MAE INC · ELLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Corr
Officer — President & CEO · Director
Period of report
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 5:16 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 | Aug 8, 2016 | M | 521 | $19.60 | A | 112,385 | D | |
| Common StockF1,F2 | Aug 8, 2016 | S | 521 | $96.72 | D | 111,864 | D | |
| Common StockF1 | Aug 8, 2016 | M | 2,979 | $24.93 | A | 114,843 | D | |
| Common StockF1,F2 | Aug 8, 2016 | S | 2,979 | $96.72 | D | 111,864 | D | |
| Common StockF3,F4,F5 | Aug 9, 2016 | S | 28,000 | $96.7153 | D | 83,864 | D | |
| Common Stock | holding | — | — | — | 89,347 | 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 | $19.60 | Aug 8, 2016 | M | 521 | D | — | Feb 4, 2023 | Common Stock | 521 | 3,125 | D |
| Non-Qualified Stock Option (right to buy)F1,F7,F8 | $24.93 | Aug 8, 2016 | M | 2,979 | D | — | Feb 5, 2024 | Common Stock | 2,979 | 19,875 | 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 $96.30 to $97.16, 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 this Form 4.
- F3The sales reported on this Form 4 were effected pursuant to the reporting person's 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 August 20, 2013 of the achievement of performance goals under the 2012 performance share awards. 25% of the total shares awarded were issued as fully vested shares on or about September 6, 2013. An additional 25% of the total shares awarded will vest on each of August 6, 2014, August 6, 2015, and August 6, 2016, subject to continuous service through such dates.
- F5The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $96.37 to $97.05, 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 this Form 4.
- F6Option vests with respect to 25% of the shares subject thereto on February 4, 2014, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on February 4, 2017.
- 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.
- F8Option vests with respect to 25% of the shares subject thereto on February 5, 2015, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on February 5, 2018.