SEC Form 4 · accession 0001179110-15-002134
Rally Software Development Corp · RALY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Margaret Porfido
Director
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 4:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001313911
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 5, 2015 | A | 5,982 | $0.00 | A | 5,982 | 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)F2 | $12.45 | Feb 5, 2015 | A | 14,000 | A | — | Feb 4, 2025 | Common Stock | 14,000 | 14,000 | D |
Explanation of responses
- F1Grant to the Reporting Person in connection with her service on the Issuer's Board of Directors. Represents shares issued as restricted stock units ("RSUs") under the Issuer's 2013 Equity Incentive Plan (the "Plan") that were received as an award, for no consideration. The RSUs vest in a series of three successive annual installments beginning on February 5, 2016 such that the RSUs are fully vested on February 5, 2018, provided in each case that the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Plan.
- F2Grant to the Reporting Person of a stock option under the Plan. The option vests and becomes exercisable in a series of three successive annual installments beginning on February 5, 2016 such that the option is fully vested on February 5, 2018, provided in each case that the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Plan. The option expires ten years after the date of grant.