SEC Form 4 · accession 0001246360-17-000898
WAGEWORKS, INC. · WAGE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edgar O. Montes
Officer — Chief Operating Officer
Period of report
Feb 14, 2017
Accepted (ET)
Feb 22, 2017 · 6:00 am 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 StockF1 | Feb 14, 2017 | J | 54 | $61.50 | A | 23,713 | 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)F2 | $73.50 | Feb 16, 2017 | A | 100,000 | A | — | Feb 16, 2027 | Common Stock | 100,000 | 100,000 | D |
| Performance RightsF3,F4 | — | Feb 16, 2017 | A | 75,000 | A | — | — | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1Includes 54 shares that have been acquired under the Wageworks employee stock purchase plan on February 14, 2017.
- F225% 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.
- F3Each restricted stock unit represents a contingent right to receive one share of WageWorks Inc. common stock.
- F4The restricted stock units (RSU) vest in the first quarter of the 2020 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.