SEC Form 4 · accession 0001209191-16-137979
REALPAGE INC · RP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ashley Chaffin Glover
Officer — EVP Chief Revenue Officer
Period of report
Aug 17, 2016
Accepted (ET)
Aug 19, 2016 · 4:55 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 | Aug 17, 2016 | A | 41,288 | $0.00 | A | 41,288 | D | |
| Common StockF2 | Aug 17, 2016 | A | 64,725 | $0.00 | A | 106,013 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Awarded to Reporting Person on 08/17/16: 1/12 of the Shares shall vest each quarter, beginning on the first day of the second calendar quarter immediately following the vesting commencement date, for next twelve (12) consecutive calendar quarters.
- F2Restricted Stock with Market Based Vesting Awarded to Reporting Person on 08/17/16: Prior to January 1, 2020, 32,362 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 $31.48; an additional 32,363 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 $36.33 (collectively, the "Eligible Shares"). Eligible Shares shall vest in equal quarterly installments over the following year. All Eligible Shares shall be fully vested on January 1, 2020, 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.