SEC Form 4 · accession 0001209191-19-003132
REALPAGE INC · RP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas C Ernst Jr.
Officer — EVP, CFO and Treasurer
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 5:59 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 | Jan 7, 2019 | A | 22,600 | $0.00 | A | 22,600 | D | |
| Common StockF2 | Jan 7, 2019 | A | 45,200 | $0.00 | A | 67,800 | D | |
| Common StockF3 | holding | — | — | — | 1,715 | I | Three B's LLC, dba Tom Ernst Advisory |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Awarded to Reporting Person on 01/07/2019: One-twelfth of the Shares shall vest each quarter, beginning on the first day of the 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 01/07/2019: Prior to July 1, 2022, 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 $60.84, the target price of $66.92, the exceed price of $73.01 and the maximum price of $85.17, 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, 2022, 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.
- F3Reporting Person is sole proprietor and Chief Executive Officer of Three B's LLC, dba Tom Ernst Advisory, which is the entity that directly owns the reported securities.