SEC Form 4 · accession 0001209191-15-041945
REALPAGE INC · RP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David G Monk
Officer — SVP, CLO and Secretary
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 7:00 pm EDT
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 | May 8, 2015 | A | 1,975 | $0.00 | A | 20,374 | D | |
| Common StockF2 | May 8, 2015 | A | 8,455 | $0.00 | A | 28,829 | 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 | $19.84 | May 8, 2015 | A | 8,400 | A | Jul 1, 2015 | May 8, 2025 | Common Stock | 8,400 | 8,400 | D |
Explanation of responses
- F1Restricted Stock awarded to Reporting Person on 05/08/2015 - 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, 4,227 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 4,228 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 values of each 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 July 1, 2015.