SEC Form 4 · accession 0001169652-15-000085
CHANNELADVISOR CORP · ECOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Cook
Officer — Chief Financial Officer
Period of report
Aug 31, 2015
Accepted (ET)
Sep 1, 2015 · 4:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001169652
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 31, 2015 | A | 65,905 | $0.00 | A | 65,905 | D | |
| Common StockF1,F3 | Aug 31, 2015 | A | 37,346 | $0.00 | A | 103,251 | 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)F4 | $11.38 | Aug 31, 2015 | A | 54,371 | A | — | Aug 31, 2025 | Common Stock | 54,371 | 54,371 | D |
Explanation of responses
- F1The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- F2The shares underlying these restricted stock units vest in four equal annual installments beginning on August 31, 2016, subject to the reporting person's continuous service with the issuer as of the applicable vesting date.
- F3The shares underlying these restricted stock units are scheduled to vest in full on March 1, 2016 but will remain subject to forfeiture in the event that the reporting person voluntarily resigns from his employment with the issuer before August 31, 2016.
- F4The option will vest over a period of four years, with 25% of the shares underlying the option vesting on the first, second, third and fourth anniversaries of the date of grant.