SEC Form 4 · accession 0001209191-16-139799
DIGITALGLOBE, INC. · DGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy M Hascall
Officer — EVP, Chief Operations Officer
Period of report
Aug 31, 2016
Accepted (ET)
Sep 2, 2016 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001208208
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 31, 2016 | M | 7,067 | $0.00 | A | 83,061 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF3 | — | Aug 31, 2016 | M | 7,067 | D | — | Feb 17, 2020 | Common Stock | 7,067 | 7,067 | D |
Explanation of responses
- F1Represents restricted stock units which are scheduled to vest in full on the one year anniversary of the grant date, subject to the Reporting Person's continued employment. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2Includes an aggregate of 81,018 shares represented by restricted share units which are scheduled to vest, subject to the Reporting Person's continued employment. Each restricted share unit represents a contingent right to receive one share of the Issuer's common stock.
- F3These performance rights were granted on February 17, 2016 and vest at specified percentages upon achieving specified stock price targets (based on a 45-day trailing average stock price) during a four-year measurement period. On August 31, 2016, the Reporting Person was entitled to receive 40% of the target shares subject to these performance rights as a result of the Issuer's common stock achieving the specified stock price. Each performance right represents a contingent right to receive one share of the Issuer's common stock, subject to an additional one-year time-based vesting requirement for any portion of the award that is earned during the first three years of the measurement period.