SEC Form 4 · accession 0001127602-17-007390
Pandora Media, LLC · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Herring
Officer — President & CFO
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 4:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001230276
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Feb 16, 2017 | S | 25,210 | $12.9714 | D | 367,960 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- F2These shares were sold in multiple transactions at the price of $12.9714.
- F3Includes 1,009 shares acquired under the Issuer's Employee Stock Purchase Plan on February 15, 2017.