SEC Form 4 · accession 0001513935-16-000071
ELLIE MAE INC · ELLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edgar Luce
Officer — Chief Financial Officer
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 7:59 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 | Sep 1, 2016 | M | 5,000 | $19.60 | A | 49,689 | D | |
| Common StockF1,F2,F3 | Sep 1, 2016 | S | 5,000 | $97.0416 | D | 44,689 | D |
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,F5,F4 | $19.60 | Sep 1, 2016 | M | 5,000 | D | — | Feb 4, 2023 | Common Stock | 5,000 | 7,500 | D |
Explanation of responses
- F1The exercise of these stock options was completed pursuant to the reporting person's Rule 10b5-1 trading plan.
- F2The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $96.7000 - $97.3000, 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.
- F3Includes 93 shares acquired by the Reporting Person on August 31, 2016 under the Issuer's employee stock purchase plan in a transaction exempt from the reporting requirements under Section 16(a).
- F4Option 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.
- F5The 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.