SEC Form 4 · accession 0001169652-19-000032
CHANNELADVISOR CORP · ECOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Cornetta
Officer — Chief Accounting Officer
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 8:59 pm EST
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 | Mar 1, 2019 | A | 5,733 | $0.00 | A | 47,576 | 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)F3 | $13.04 | Mar 1, 2019 | A | 15,040 | A | — | Mar 1, 2029 | Common Stock | 15,040 | 15,040 | 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 installments beginning on March 1, 2020, subject to the reporting person's continuous service with the issuer as of the applicable vesting date.
- F3The 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 grant date, subject to the reporting person's continuous service with the issuer as of the applicable vesting date.