SEC Form 4 · accession 0001123292-17-001405
SERVICESOURCE INTERNATIONAL, INC. · SREV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian James Delaney
Officer — Chief Operating Officer
Period of report
Sep 5, 2017
Accepted (ET)
Sep 7, 2017 · 7:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001310114
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 5, 2017 | F | 21,053 | $3.57 | D | 469,481 | D | |
| Common StockF1,F3 | Sep 6, 2017 | F | 54,251 | $3.38 | D | 415,230 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with vesting of certain RSUs previously reported in Table 1 as required following the grant date. This sale is mandated by the Issuer's election under its equity incentive plan requiring satisfaction of tax withholding obligations by a "sell to cover" transaction, and does not represent a discretionary trade by the reporting person.
- F2This transaction was executed in multiple trades during the day at prices ranging from $3.54 to $3.60. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transactions were effected.
- F3This transaction was executed in multiple trades during the day at prices ranging from $3.31 to $3.50. The weighted-average price is reported above.