SEC Form 4 · accession 0000899243-15-004114
Demandware Inc · DWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen Bender Patton
Officer — SVP and General Counsel
Period of report
Aug 26, 2015
Accepted (ET)
Aug 27, 2015 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001301031
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 26, 2015 | M | 1,042 | $27.57 | A | 18,755 | D | |
| Common StockF3 | Aug 26, 2015 | S | 1,042 | $54.3095 | D | 17,713 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $27.57 | Aug 26, 2015 | M | 1,042 | D | — | Apr 26, 2022 | Common Stock | 1,042 | 8,333 | D |
Explanation of responses
- F1This exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3The price reported is the weighted average of the shares sold. The shares were sold at varying prices in the range of $53.3286 to $54.9000. The reporting person undertakes, upon the request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F4The option became exercisable as to 25% of the shares on April 26, 2013 and vested and will continue to vest in equal installments monthly thereafter through April 26, 2016.