SEC Form 4 · accession 0000899243-16-021491
Demandware Inc · DWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jitendra S Saxena
Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 2, 2016 · 4:26 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 | Jun 1, 2016 | M | 4,366 | $1.47 | A | 27,567 | D | |
| Common StockF3 | Jun 1, 2016 | S | 10,000 | $74.754 | D | 17,567 | 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 | $1.47 | Jun 1, 2016 | M | 4,366 | D | — | Jul 29, 2020 | Common Stock | 4,366 | 61,106 | 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 $74.70 to $74.85. 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 is fully vested.