SEC Form 4 · accession 0001513905-17-000012

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

Mar 7, 2017

Accepted (ET)

Mar 8, 2017 · 5:53 pm EST

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,F2,F3	Mar 7, 2017	S	1,961	$98.9088	D	138,804	D
Common Stock^F1,F2,F4	Mar 7, 2017	S	4,214	$99.6596	D	134,590	D
Common Stock^F5	Mar 7, 2017	M	1,139	$46.24	A	135,729	D
Common Stock^F5,F4	Mar 7, 2017	S	1,139	$99.6596	D	134,590	D
Common Stock^F5	Mar 7, 2017	M	530	$46.24	A	135,120	D
Common Stock^F5,F3	Mar 7, 2017	S	530	$98.9088	D	134,590	D
Common Stock^F5	Mar 7, 2017	M	369	$24.93	A	134,959	D
Common Stock^F5,F4	Mar 7, 2017	S	369	$99.6596	D	134,590	D
Common Stock^F5	Mar 7, 2017	M	172	$24.93	A	134,762	D
Common Stock^F5,F3	Mar 7, 2017	S	172	$98.9088	D	134,590	D
Common Stock	holding	—	—		—	79,347	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)^F5,F7,F6	$24.93	Mar 7, 2017	M	369	D	—	Feb 5, 2024	Common Stock	369	6,505	D
Non-Qualified Stock Option (right to buy)^F5,F7,F6	$24.93	Mar 7, 2017	M	172	D	—	Feb 5, 2024	Common Stock	172	6,333	D
Non-Qualified Stock Option (right to buy)^F5,F7,F8	$46.24	Mar 7, 2017	M	1,139	D	—	Feb 11, 2025	Common Stock	1,139	23,802	D
Non-Qualified Stock Option (right to buy)^F5,F7,F8	$46.24	Mar 7, 2017	M	530	D	—	Feb 11, 2025	Common Stock	530	23,272	D

Explanation of responses

F1The sales reported on this Form 4 were effected pursuant to the reporting person's Rule 10b5-1 trading plan.
F2Reflects shares of common stock issued and sold in connection with the Compensation Committee of the Board of Directors certification on March 6, 2015 of the achievement of performance goals under the 2014 performance share awards. 25% of the total shares awarded were issued as fully vested shares on or about April 6, 2015. An additional 25% of the total shares awarded will vest on each of March 6, 2016, March 6, 2017, March 6, 2018, subject to continuous service through such dates.
F3The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $98.3900 to $99.3340, 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 footnote.
F4The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $99.4000 to $99.9700, 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 footnote.
F5The exercise and sale of these stock options was completed pursuant to the Rule 10b5-1 trading plan adopted by Jonathan H. Corr.
F6Option 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.
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 11, 2016, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on February 11, 2019.