SEC Form 4 · accession 0001209191-18-064083
TechTarget Inc · TTGT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel T Noreck
Officer — Chief Financial Officer
Period of report
Dec 22, 2018
Accepted (ET)
Dec 26, 2018 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001293282
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 22, 2018 | M | 7,000 | — | A | 24 | D | |
| Common StockF2 | Dec 22, 2018 | F | 3,112 | $11.53 | D | 20,944 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Dec 22, 2018 | M | 7,000 | D | — | — | Common Stock | 7,000 | 14,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of TechTarget, Inc.'s Common Stock upon vesting. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
- F2Withholding of shares to satisfy tax obligations in connection with the vesting and delivery of restricted stock units. Since the vesting date fell on a Saturday, the price represents the closing price of TechTarget's Common Stock on the immediately preceding business day, Friday, December 21, 2018.
- F3This award was granted on December 22, 2017. One-third of the RSUs subject to the award vested on December 22, 2018, and one-third of the RSUs are scheduled to vest on each of December 22, 2019 and December 22, 2020. Vested shares will be delivered to the Reporting Person on the applicable dates as set forth in the Reporting Person's award agreement with respect to each vesting tranche.