SEC Form 4 · accession 0001209191-15-001524
CVENT INC · CVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Ludwig
Officer — SVP, Sales
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 7:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001122897
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 31, 2014 | A | 21,552 | $0.00 | A | 146,888 | D | |
| Common Stock | Jan 5, 2015 | S | 485 | $27.76 | D | 146,403 | D | |
| Common StockF3 | holding | — | — | — | 43,750 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F5 | $27.84 | Dec 31, 2014 | A | 46,189 | A | — | Dec 31, 2024 | Common Stock | 46,189 | 46,189 | D |
| Employee Stock Option (Right to Buy)F6 | $1.80 | holding | — | — | — | — | Mar 11, 2021 | Common Stock | 119,445 | 119,445 | D |
Explanation of responses
- F1On December 31, 2014, the reporting person was granted restricted stock units worth US $600,000.00. Each restricted stock unit represents a contingent right to receive one share of Cvent Common Stock. The restricted stock units will vest in four equal annual installments beginning on March 15, 2016.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2014.
- F3These shares were issued pursuant to an Employee Stock Option Agreement that was exercised pursuant to an early exercise provision in June 2012. The Company has a right of repurchase which lapses with respect to these shares on February 1, 2015.
- F4On December 31, 2014, the reporting person was granted employee stock options representing a contingent right to purchase 46,189 shares of Cvent Common Stock.
- F5The shares subject to this option will become exercisable in four equal annual installments beginning on March 15, 2016.
- F687,501 shares subject to this option became exercisable on February 1, 2013; 31,944 shares became exercisable on February 1, 2014.
Remarks
Senior Vice President of Sales