SEC Form 4 · accession 0001127602-18-025846
Pandora Media, LLC · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen Sammis Walker
Officer — Chief Accounting Officer
Period of report
Aug 16, 2018
Accepted (ET)
Aug 20, 2018 · 8:26 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 StockF2 | Aug 16, 2018 | S | 2,933 | $8.1645 | D | 151,232 | D | |
| Common Stock | Aug 16, 2018 | S | 8,969 | $8.08 | D | 154,165 | D | |
| Common Stock | Aug 17, 2018 | S | 4,626 | $8.14 | D | 146,606 | 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.
- F2Includes 3,330 shares acquired under the Issuer's Employee Stock Purchase Plan on August 15, 2018.
- F3Shares disposed of pursuant to a previously established Rule 10b5-1 plan.