SEC Form 4 · accession 0001209191-16-138100
QLIK TECHNOLOGIES INC · QLIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugene Jackson
Officer — Chief Marketing Officer
Period of report
Aug 22, 2016
Accepted (ET)
Aug 22, 2016 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001305294
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Aug 22, 2016 | D | 25,000 | — | D | 0 | 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)F4 | $22.68 | Aug 22, 2016 | D | 84,000 | D | — | Jun 6, 2024 | Common Stock | 84,000 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $26.19 | Aug 22, 2016 | D | 60,200 | D | — | Mar 7, 2026 | Common Stock | 60,200 | 0 | D |
| Restricted Stock UnitF6,F7,F8 | — | Aug 22, 2016 | D | 24,900 | D | — | — | Common Stock | 24,900 | 0 | D |
| Restricted Stock UnitF6,F9,F8 | — | Aug 22, 2016 | D | 12,075 | D | — | — | Common Stock | 12,075 | 0 | D |
Explanation of responses
- F1These shares represented a restricted stock unit ("RSU") grant earned in connection with the satisfaction of certain performance criteria pursuant to a previously issued performance-based restricted stock unit award, which provided for vesting of 12,500 shares subject to vesting on June 1, 2017 and June 1, 2018 provided that the Reporting Person remains continuously employed by the Issuer through such date. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- F2This RSU was cancelled pursuant to the Agreement and Plan of Merger between Issuer, Project Alpha Holding, LLC and Project Alpha Merger Corp. (the "Merger Agreement").
- F3The Reporting Person became entitled to receive an initial cash payment equal to the product of $30.50 and the sum of the number of vested but unsettled shares of common stock and 1/3 of the unvested shares of common stock subject to this RSU. The Reporting Person shall be entitled to receive a payment for the remaining 2/3 of the unvested shares of common stock subject to this RSU in equal portions promptly following the 12 and 18 month anniversaries of the effective time of the merger contemplated within the Merger Agreement (the "Effective Time") or upon the earlier date as the RSU was scheduled to vest according to the original vesting conditions, provided the Reporting Person remains continuously employed by the Issuer through such date and provided further that if the Reporting Person is terminated without cause, the vesting conditions will be deemed satisfied on the Reporting Person's last day of employment.
- F4This option, which provided for vesting with respect to one-quarter (1/4) of the shares of stock which were subject to this option on May 12, 2015 (the "2015 Initial Vesting Date"), provided Reporting Person remained continuously employed by the Issuer through the 2015 Initial Vesting Date; and exercisable with respect to three-quarters (3/4) of the shares of stock which were subject to this option in equal increments quarterly over three (3) years beginning on the date three (3) months from the 2015 Initial Vesting Date, provided that the Reporting Person remained continuously employed by the Issuer through the last day of each quarterly period, was cancelled pursuant to the Merger Agreement and, as soon as possible following the Effective Time, the Reporting Person was entitled to receive a cash payment equal to the product of (1) the difference between the exercise price and $30.50 and (2) the number of unexercised options.
- F5This option, which provided for vesting with respect to one-quarter (1/4) of the shares of stock which were subject to this option on March 7, 2017 (the "2017 Initial Vesting Date"), provided Reporting Person remained continuously employed by the Issuer through the 2017 Initial Vesting Date; and exercisable with respect to three-quarters (3/4) of the shares of stock which were subject to this option in equal increments quarterly over three (3) years beginning on the date three (3) months from the 2017 Initial Vesting Date, provided that the Reporting Person remained continuously employed by the Issuer through the last day of each quarterly period, was cancelled pursuant to the Merger Agreement and, as soon as possible following the Effective Time, the Reporting Person was entitled to receive a cash payment equal to the product of (1) the difference between the exercise price and $30.50 and (2) the number of unexercised options.
- F6Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F7The RSU, which provided for vesting in 4 equal annual installments beginning on March 7, 2017, was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $30.50 and the sum of the number of vested but unsettled shares of common stock and 1/3 of the unvested shares of common stock subject to this RSU. The Reporting Person shall be entitled to receive a payment for the remaining 2/3 of the unvested shares of common stock subject to this RSU in equal portions promptly following the 12 and 18 month anniversaries of the Effective Time or upon the earlier date as the RSU was scheduled to vest according to the original vesting conditions, provided the Reporting Person remains continuously employed by the Issuer through such date and provided further that if the Reporting Person is terminated without cause, the vesting conditions will be deemed satisfied on the Reporting Person's last day of employment.
- F8Not applicable.
- F9The RSU, which provided for vesting in 4 equal annual installments beginning on June 5, 2016, was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $30.50 and the sum of the number of vested but unsettled shares of common stock and 1/3 of the unvested shares of common stock subject to this RSU. The Reporting Person shall be entitled to receive a payment for the remaining 2/3 of the unvested shares of common stock subject to this RSU in equal portions promptly following the 12 and 18 month anniversaries of the Effective Time or upon the earlier date as the RSU was scheduled to vest according to the original vesting conditions, provided the Reporting Person remains continuously employed by the Issuer through such date and provided further that if the Reporting Person is terminated without cause, the vesting conditions will be deemed satisfied on the Reporting Person's last day of employment.