SEC Form 4 · accession 0001127602-17-012564
Pandora Media, LLC · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Herring
Officer — President
Period of report
Mar 17, 2017
Accepted (ET)
Mar 21, 2017 · 6:17 pm EDT
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 StockF1 | Mar 17, 2017 | A | 115,000 | $0.00 | A | 482,960 | D | |
| Common StockF2 | Mar 17, 2017 | A | 77,000 | $0.00 | A | 559,960 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (Right To Purchase)F3 | $11.48 | Mar 17, 2017 | A | 134,000 | A | — | Mar 17, 2027 | Common Stock | 134,000 | 134,000 | D |
Explanation of responses
- F125% of the RSUs vest on 2/15/2018 and thereafter 1/16th of the RSUs vest quarterly.
- F250% of the RSUs vest on 2/15/2018 and thereafter 1/8th of the RSUs vest quarterly.
- F3The option grant will vest over a total of four years with 25% vesting on 2/15/2018 and thereafter 1/48th of the total number of shares vesting monthly.