SEC Form 4 · accession 0001127602-17-027763
Pandora Media, LLC · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Lynch
Officer — Chief Executive Officer
Period of report
Sep 18, 2017
Accepted (ET)
Sep 19, 2017 · 6:23 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 | Sep 18, 2017 | A | 390,157 | $0.00 | A | 390,157 | D | |
| Common StockF2 | Sep 18, 2017 | A | 390,157 | $0.00 | A | 780,314 | 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 | $8.19 | Sep 18, 2017 | A | 1,189,155 | A | — | Sep 18, 2027 | Common Stock | 1,189,155 | 1,189,155 | D |
Explanation of responses
- F150% of the RSUs vest on 12/20/2017 and thereafter 1/8th of the RSUs will vest quarterly.
- F225% of the RSUs vest on 8/15/2018 and thereafter 1/16th of the RSUs vest quarterly.
- F3The original option grant will vest and becomes exercisable with respect to 25% of the total number of shares on 9/18/2018 and thereafter 1/48th of the total number of shares vesting monthly.