SEC Form 4 · accession 0001637313-15-000013
ELLIE MAE INC · ELLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph P. Tyrrell
Officer — EVP, Corporate Strategy
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 7:05 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 Stock | May 20, 2015 | S | 7,874 | $63.00 | D | 12,804 | D | |
| Common Stock | May 22, 2015 | M | 3,823 | $25.30 | A | 16,627 | D | |
| Common StockF1 | May 22, 2015 | S | 3,823 | $62.1796 | D | 12,804 | D | |
| Common Stock | May 22, 2015 | M | 4,163 | $24.39 | A | 16,967 | D | |
| Common StockF1 | May 22, 2015 | S | 4,163 | $62.1796 | D | 12,804 | D | |
| Common Stock | May 22, 2015 | M | 11,250 | $21.81 | A | 24,054 | D | |
| Common StockF1 | May 22, 2015 | S | 11,250 | $62.1796 | D | 12,804 | D | |
| Common Stock | May 22, 2015 | M | 23,333 | $9.00 | A | 36,137 | D | |
| Common StockF1 | May 22, 2015 | S | 23,333 | $62.1796 | D | 12,804 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F3,F2 | $9.00 | May 22, 2015 | M | 23,333 | D | — | Oct 28, 2020 | Common Stock | 23,333 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3,F4 | $21.81 | May 22, 2015 | M | 11,250 | D | — | Feb 19, 2023 | Common Stock | 11,250 | 8,750 | D |
| Non-Qualified Stock Option (right to buy)F3,F4 | $24.39 | May 22, 2015 | M | 4,163 | D | — | May 3, 2023 | Common Stock | 4,163 | 4,164 | D |
| Non-Qualified Stock Option (right to buy)F3,F4 | $25.30 | May 22, 2015 | M | 3,823 | D | — | May 6, 2024 | Common Stock | 3,823 | 11,472 | D |
Explanation of responses
- F1The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $62.00 to $62.63, 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 to this Form 4.
- F2100% of the shares subject to the option are fully vested and exercisable.
- F3The 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.
- F425% of the stock option shares vest on one year anniversary of grant date, 1/48th of the total shares vest monthly thereafter.