SEC Form 4 · accession 0001513935-17-000010

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

Feb 28, 2017

Accepted (ET)

Mar 2, 2017 · 5:15 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
Common Stock^F1,F2,F3	Feb 28, 2017	S	2,924	$93.9577	D	50,132	D
Common Stock^F4	Mar 1, 2017	M	700	$46.24	A	50,832	D
Common Stock^F4,F5	Mar 1, 2017	S	700	$95.3094	D	50,132	D
Common Stock^F4	Mar 1, 2017	M	750	$24.93	A	50,882	D
Common Stock^F4,F5	Mar 1, 2017	S	750	$95.3094	D	50,132	D
Common Stock^F4	Mar 1, 2017	M	200	$19.60	A	50,332	D
Common Stock^F4,F5,F6	Mar 1, 2017	S	200	$95.3094	D	50,132	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)^F4,F8,F7	$19.60	Mar 1, 2017	M	200	D	—	Feb 4, 2023	Common Stock	200	1,900	D
Non-Qualified Stock Option (right to buy)^F4,F8,F9	$24.93	Mar 1, 2017	M	750	D	—	Feb 5, 2024	Common Stock	750	7,750	D
Non-Qualified Stock Option (right to buy)^F4,F8,F10	$46.24	Mar 1, 2017	M	700	D	—	Feb 11, 2025	Common Stock	700	9,762	D

Explanation of responses

F1The sales reported on this Form 4 were effected pursuant to the reporting person's Rule 10b5-1 trading plan.
F10Option 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.
F2Reflects shares of common stock issued and sold in connection with the Compensation Committee of the Board of Directors certification on February 25, 2016 of the achievement of performance goals under the 2015 performance share awards. 25% of the total shares awarded were issued as fully vested shares on or about March 25, 2016. An additional 25% of the total shares awarded will vest on each of February 25, 2017, February 25, 2018 and February 25, 2019, subject to continuous service through such dates.
F3The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $93.7300 to $94.23, 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.
F4The exercise and sale of these stock options was completed pursuant to the Rule 10b5-1 trading plan adopted by Edgar A. Luce.
F5The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $95.1000 to $95.6000, 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.
F6Includes 252 shares acquired by the Reporting Person on February 28, 2017 under the Issuer's employee stock purchase plan in a transaction exempt from the reporting requirements under Section 16(a).
F7Option 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.
F8The 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.
F9Option 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.