SEC Form 4 · accession 0001637360-17-000024
ELLIE MAE INC · ELLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gates Cathleen Schreiner
Officer — EVP, Sales & Marketing
Period of report
Dec 26, 2017
Accepted (ET)
Dec 27, 2017 · 7:06 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 StockF1 | Dec 26, 2017 | M | 1,581 | $55.30 | A | 44,730 | D | |
| Common StockF1,F2 | Dec 26, 2017 | S | 1,581 | $91.6957 | D | 43,149 | D | |
| Common StockF1 | Dec 26, 2017 | M | 1,300 | $25.30 | A | 44,449 | D | |
| Common StockF1,F3 | Dec 26, 2017 | S | 1,300 | $92.5574 | D | 43,149 | 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 | $25.30 | Dec 26, 2017 | M | 1,300 | D | — | May 6, 2024 | Common Stock | 1,300 | 1,090 | D |
| Non-Qualified Stock Option (right to buy)F1,F5,F4 | $55.30 | Dec 26, 2017 | M | 1,581 | D | — | Mar 23, 2025 | Common Stock | 1,581 | 3,093 | D |
Explanation of responses
- F1The exercise and sale of these stock options was completed pursuant to the Rule 10b5-1 trading plan adopted by Cathleen Schreiner Gates.
- F2The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $91.3500 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 this footnote.
- F3The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $92.4500 to $92.7600, 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.
- F425% of the stock option shares vest on one year anniversary of grant date, 1/48th of the total shares vest monthly thereafter.
- 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.