SEC Form 4 · accession 0000899243-16-028889
Xactly Corp · XTLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Evan Ellis Jr.
Officer — President & COO
Period of report
Sep 12, 2016
Accepted (ET)
Sep 13, 2016 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001322554
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 12, 2016 | M | 10,000 | $2.40 | A | 227,782 | D | |
| Common StockF2 | Sep 12, 2016 | S | 10,000 | $13.9435 | D | 217,782 | 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)F3 | $2.40 | Sep 12, 2016 | M | 10,000 | D | — | Oct 4, 2022 | Common Stock | 10,000 | 17,931 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 12, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.78 to $14.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F3One-fourth of the shares subject to the option vested on October 4, 2013 and one forty-eighth of the shares vest monthly thereafter.