SEC Form 4 · accession 0001127602-17-015367
Pandora Media, LLC · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Westergren
Officer — CEO & Founder · Director
Period of report
Apr 20, 2017
Accepted (ET)
Apr 24, 2017 · 4:48 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 | Apr 20, 2017 | A | 230,000 | $0.00 | A | 1,516,704 | D | |
| Common Stock | holding | — | — | — | 119,464 | I | By The Mandawa Trust |
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)F2 | $11.48 | Apr 20, 2017 | A | 403,000 | A | — | Apr 20, 2027 | Common Stock | 403,000 | 403,000 | D |
Explanation of responses
- F125% of the RSUs vest on 2/15/2018 and thereafter 1/16th of the RSUs vest quarterly.
- F2The 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.