SEC Form 4 · accession 0001209191-15-023242
REALPAGE INC · RP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Bryan Hill
Officer — EVP, CFO & Treasurer
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 9:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001286225
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 3, 2015 | A | 15,180 | $0.00 | A | 97,799 | D | |
| Common StockF2 | Mar 3, 2015 | A | 27,050 | $0.00 | A | 124,849 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $19.76 | Mar 3, 2015 | A | 64,585 | A | Apr 1, 2015 | Mar 3, 2025 | Common Stock | 64,585 | 64,585 | D |
Explanation of responses
- F1Restricted Stock with Time-Based Vesting: 8.33% of the Shares shall vest each quarter, beginning on the first day of the calendar quarter immediately following the vesting commencement date, for twelve (12) consecutive calendar quarters.
- F2Restricted Stock with Market-Based Vesting: Prior to July 1, 2018, 13,525 shares shall become eligible to vest, if for 20 consecutive trading days Issuer's average closing price per share of common stock equals or exceeds $30.00; an additional 13,525 shares shall also become eligible to vest if for 20 consecutive trading days Issuer's average closing price per share of common stock equals or exceeds $35.00 (collectively, the "Eligible Shares"). Eligible Shares shall vest in equal quarterly installments over the following year. All Eligible Shares shall be fully vested on July 1, 2018, or upon a Change in Control, or due to Death or Disability. Also, the remaining tranches of unvested shares shall be deemed to be Eligible Shares and shall fully vest immediately prior to a Change in Control that results in the per share value of Issuer's common stock equal to or in excess of the per share target value for the respective tranche.
- F38.33% of the shares subject to the option vest and become exercisable on the first day of each calendar quarter for twelve (12) consecutive quarters beginning on April 1, 2015.