SEC Form 4 · accession 0001179110-15-003136
TANGOE INC · TNGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott E. Snyder
Officer — Sr. VP, Corporate Development
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 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 19, 2015 | S | 1,105 | $12.3704 | D | 28,562 | D | |
| Common StockF1,F4,F5 | Feb 19, 2015 | S | 847 | $12.3704 | D | 27,715 | D | |
| Common StockF6,F7 | Feb 19, 2015 | A | 7,486 | $0.00 | A | 35,201 | D | |
| Common StockF8,F9,F10 | Feb 19, 2015 | S | 496 | $12.3704 | D | 34,705 | D | |
| Common StockF11,F12 | Feb 19, 2015 | A | 20,000 | $0.00 | A | 54,705 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this line were used to pay tax withholding in connection with the vesting of restricted stock units ("RSUs") and were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 10, 2013.
- F10Represents 4,939 shares of common stock and 29,766 RSUs/PSUs.
- F11The 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.
- F12Represents 4,939 shares of common stock and 49,766 RSUs/PSUs.
- F2The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $12.25 to $12.45 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 2,229 shares of common stock and 26,333 RSUs.
- F4The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $12.25 to $12.45 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.
- F5Represents 3,938 shares of common stock and 23,777 RSUs.
- F6The 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.
- F7Represents 3,938 shares of common stock and 31,263 RSUs/PSUs.
- F8The sales reported in this line were used to pay tax withholding in connection with the vesting of PSUs and were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 10, 2013.
- F9The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $12.25 to $12.45 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.