SEC Form 4 · accession 0001288847-16-000106
Five9, Inc. · FIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. Crane
Officer — EVP, Services
Period of report
Aug 25, 2016
Accepted (ET)
Aug 29, 2016 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001288847
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 25, 2016 | M | 40,000 | $5.18 | A | 133,782 | D | |
| Common StockF1 | Aug 25, 2016 | S | 57,110 | $14.56 | D | 76,672 | 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 Option (right to buy)F2 | $5.18 | Aug 25, 2016 | M | 40,000 | D | — | Apr 9, 2025 | Common Stock | 40,000 | 120,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.31 to $14.75, inclusive. The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2Original option grant was for 160,000 shares. Option began vesting with respect to 25% of shares subject to the option one year after 4/9/2015, and with respect to the remaining 75% of the shares subject to the option vests in 36 equal monthly installments thereafter.