SEC Form 4 · accession 0001437749-18-006712
PROVIDENCE SERVICE CORP · PRSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Carter Pate
Officer — Interim CEO
Period of report
Apr 9, 2018
Accepted (ET)
Apr 11, 2018 · 5:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001220754
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $71.67 | Apr 9, 2018 | A | 394,000 | A | — | Apr 8, 2021 | Common Stock | 394,000 | 394,000 | D |
Explanation of responses
- F1The options are subject to vesting as follows: (i) 98,500 options will become vested on March 19, 2019 if the Company has achieved its budget for its 2018 fiscal year, subject to certain adjustments, and the Reporting Person remains employed by the Company, and (ii) 98,500 options will become vested on March 19, 2019 subject to Mr. Pate's achievement of other performance metrics if Mr. Pate is then employed, and (iii) 197,000 options will become vested if the Reporting Person remains employed by the Company through June 30, 2019.