SEC Form 4 · accession 0001209191-15-023245
REALPAGE INC · RP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daryl Rolley
Officer — Chief Customer Officer
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 9:23 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 | 60,000 | $0.00 | A | 60,000 | D | |
| Common StockF2 | Mar 3, 2015 | A | 120,000 | $0.00 | A | 180,000 | 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 Options (Right to Buy)F3 | $19.76 | Mar 3, 2015 | A | 100,000 | A | Apr 1, 2015 | Mar 3, 2025 | Common Stock | 100,000 | 100,000 | 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: Before 07/01/17, 30,000 shares will be eligible to vest ("Eligible Shares"), if for 20 consecutive trade days the Issuer's average closing price per share of common stock ("Average Closing Price") equals or exceeds $25.00 and 30,000 shares will be eligible to vest if for 20 consecutive trade days the Issuer's Average Closing Price equals or exceeds $30.00. Before 07/01/18, 30,000 shares will be eligible to vest if for 20 consecutive trade days the Issuer's Average Closing Price equals or exceeds $35.00 and 30,000 shares will be eligible to vest if for 20 consecutive trade days the Issuer's Average Closing Price equals or exceeds $40.00. Eligible Shares shall vest equally over the next 4 quarters and fully vest on 07/01/2017 or 07/01/18 pursuant to the respective tranches, or upon a Change in Control ("CIC"), or due to Death or Disability pursuant to the terms specified in the award agreement.
- F38.33% of the shares subject to the option shall vest and become exercisable on the first day of each calendar quarter for twelve (12) consecutive quarters beginning on April 1, 2015.