SEC Form 4 · accession 0001209191-18-017426
REALPAGE INC · RP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Blount
Officer — EVP, Chief Innovation Officer
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 5:56 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, 2018 | A | 30,792 | $0.00 | A | 185,958 | D | |
| Common StockF2 | Mar 2, 2018 | A | 15,395 | $0.00 | A | 201,353 | D | |
| Common Stock | Mar 2, 2018 | M | 56,200 | $23.10 | A | 257,553 | D | |
| Common StockF3 | Mar 2, 2018 | S | 56,200 | $51.25 | D | 201,353 | D | |
| Common Stock | Mar 6, 2018 | M | 50 | $23.10 | A | 201,403 | D | |
| Common Stock | Mar 6, 2018 | S | 50 | $52.30 | D | 201,353 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | Shares owned by Reporting Person's Daughter |
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)F4 | $23.10 | Mar 2, 2018 | M | 56,200 | D | Jan 1, 2016 | Dec 10, 2025 | Common Stock | 75,000 | 18,800 | D |
| Employee Stock Options (Right to Buy)F4 | $23.10 | Mar 6, 2018 | M | 50 | D | Jan 1, 2016 | Dec 10, 2025 | Common Stock | 18,800 | 18,750 | D |
Explanation of responses
- F1Restricted Stock with Market Based Vesting Awarded to Reporting Person on 03/02/2018: Prior to July 1, 2021, one-fourth (1/4) 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 $60.89, the target price of $66.98, the exceed price of $73.07 and the maximum price of $85.24, 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, 2021, 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.
- F2Restricted Stock Awarded to Reporting Person on 03/02/2018: 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.
- F3The price reported is a weighted average sale price. The sale prices ranged from $51.25 to $51.35. 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.
- F4One-twelfth 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 January 1, 2016.