SEC Form 4 · accession 0001610379-15-000001
YODLEE INC · YDLE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Polverari
Officer — Chief Strategy & Dev Officer
Period of report
Jan 14, 2015
Accepted (ET)
Jan 15, 2015 · 6:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001161315
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 14, 2015 | M | 25,000 | $3.30 | A | 34,420 | D | |
| Common StockF2 | Jan 14, 2015 | S | 8,504 | $9.7621 | D | 25,916 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock | $3.30 | Jan 14, 2015 | M | 25,000 | D | Mar 17, 2005 | Feb 17, 2015 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1The sales reported on this Form 4 were made in accordance with a "net" or "cashless" exercise of an expiring stock option subject to the terms of Lock-Up Agreement between the reporting person and the underwriters of the Company's initial public offering, and in accordance with a Rule 10b5-1 plan adopted by the reporting person on December 15, 2014. The reporting person has disposed of only that number of shares necessary to cover the exercise price of the expiring stock option.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.40 to $10.21, inclusive. The reporting person undertakes to provide Yodlee, Inc., any security holder of Yodlee, 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 range set forth in this footnote.