SEC Form 4 · accession 0001513908-18-000005

ELLIE MAE INC · ELLI

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

Reporting owner

Sigmund Anderman

Director

Period of report

Feb 21, 2018

Accepted (ET)

Feb 23, 2018 · 9:45 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	Feb 22, 2018	F	1,369	$91.47	D	54,742	D
Common Stock^F2,F3	Feb 23, 2018	S	800	$91.1125	D	53,942	D
Common Stock^F2,F4	Feb 23, 2018	S	591	$92.0979	D	53,351	D
Common Stock	holding	—	—		—	10,000	I	by 401(k) Plan
Common Stock	holding	—	—		—	143,906	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)^F6,F5	$92.28	Feb 21, 2018	A	4,641	A	—	Feb 21, 2028	Common Stock	4,641	4,641	D

Explanation of responses

F1Represents shares of common stock withheld by the Issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units. The amount of shares withheld is based on the closing price of ELLI on February 22, 2018.
F2The sales reported on this Form 4 were effected pursuant to the reporting person's Rule 10b5-1 trading plan.
F3The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $90.5700 to $91.5000, 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 (4) to this Form 4.
F4The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $91.7800 to $92.3300, 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 (4) to this Form 4.
F525% of the stock option shares vest on 2/15/2019, 1/48th of the total shares vest monthly thereafter.
F6The 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.