SEC Form 4 · accession 0001209191-17-018448
REALPAGE INC · RP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William P Chaney
Officer — EVP Enterprise Solutions
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 5:44 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 2, 2017 | S | 10,000 | $35.05 | D | 179,867 | D | |
| Common StockF2 | Mar 2, 2017 | A | 29,565 | $0.00 | A | 209,432 | D | |
| Common StockF3 | Mar 2, 2017 | A | 44,348 | $0.00 | A | 253,780 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported is a weighted average sale price. The sale prices ranged from $35.05 to $35.08. Reporting Person provided Issuer full information regarding the number of shares sold at each separate price. Issuer will provide, upon receipt of a request, a copy of this information to the SEC staff or a security holder of the Issuer.
- F2Restricted Stock Awarded to Reporting Person on 03/02/2017: One-twelfth 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.
- F3Restricted Stock with Market Based Vesting Awarded to Reporting Person on 03/02/2017: Prior to July 1, 2020, one-third (1/3) of the restricted 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 the threshold price of $38.05, the target price of $41.09, or the maximum price of $45.66, respectively (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, 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.