SEC Form 4 · accession 0001127602-18-013139
Pandora Media, LLC · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G Bene
Officer — General Counsel & Secretary
Period of report
Mar 29, 2018
Accepted (ET)
Mar 30, 2018 · 6:12 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 29, 2018 | A | 84,000 | $0.00 | A | 610,815 | 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)F2 | $5.03 | Mar 29, 2018 | A | 97,000 | A | — | Mar 29, 2028 | Common Stock | 97,000 | 97,000 | D |
Explanation of responses
- F1RSUs will vest over a total of three years with 1/3 vesting on 2/15/2019 and thereafter 1/12th of the total number of shares vesting quarterly.
- F2The option grant will vest over a total of three years with 1/3 vesting on 2/15/2019 and thereafter 1/36th of the total number of shares vesting monthly.