SEC Form 4 · accession 0001179110-15-003045
TANGOE INC · TNGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Martino
Officer — Chief Financial Officer
Period of report
Feb 18, 2015
Accepted (ET)
Feb 20, 2015 · 4:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001182325
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 18, 2015 | S | 6,000 | $12.6829 | D | 271,486 | D | |
| Common StockF4,F5 | Feb 19, 2015 | A | 18,715 | $0.00 | A | 290,201 | D | |
| Common StockF6,F7 | Feb 19, 2015 | A | 55,000 | $0.00 | A | 345,201 | D | |
| Common Stock | holding | — | — | — | 14,478 | I | held by children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2014.
- F2The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $12.57 to $12.75 per share. The reporting person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer, or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F3Represents 194,819 shares of common stock and 76,667 restricted stock units ("RSUs").
- F4The securities acquired are performance-based restricted stock units ("PSUs") previously granted to the reporting person under the issuer's 2011 Stock Incentive Plan, for which the performance-based criteria have now been satisfied. The PSUs vested as to 20% of the total number of shares on February 19, 2015, and vest as to an additional 20% of the total number of shares each quarter thereafter until February 19, 2016.
- F5Represents 194,819 shares of common stock and 95,382 RSUs/PSUs.
- F6The securities acquired are RSUs granted to the reporting person under the issuer's 2011 Stock Incentive Plan. Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest as to one-ninth of the original number of shares on February 19, 2016, and as to an additional one-ninth of the original number of shares each quarter thereafter until February 19, 2018.
- F7Represents 213,563 shares of common stock and 131,638 RSUs/PSUs. These numbers represent the additional 55,000 RSUs, net of RSUs/PSUs that vested on February 19, 2015 resulting in the additional shares and fewer RSUs/PSUs.