SEC Form 4 · accession 0001246360-16-004535
WAGEWORKS, INC. · WAGE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Colm Callan
Officer — Chief Financial Officer
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 9:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001158863
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF4 | Feb 12, 2016 | J | 235 | $36.05 | A | 6,105 | 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)F1 | $43.63 | Feb 11, 2016 | A | 75,000 | A | — | Feb 11, 2026 | Common Stock | 75,000 | 75,000 | D |
| Performance RightsF2,F3 | — | Feb 11, 2016 | A | 50,000 | A | — | — | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F125% of the Option Shares vest on the first anniversary of the grant date, and an additional 1/48th of the total Option Shares vest on each of the 36 succeeding monthly anniversaries of the grant date.
- F2Each restricted stock unit represents a contingent right to receive one share of WageWorks Inc. common stock.
- F3The restricted stock units (RSU) vest in the first quarter of the 2019 calendar year should the Company achieve certain milestones as outlined in the RSU agreement between the Company and the reporting person. Vested Shares will be delivered to the reporting person on such vesting date.
- F4Includes 235 shares that have been acquired under the Wageworks employee stock purchase plan on February 12, 2016.