SEC Form 4 · accession 0000899243-16-035937
Xactly Corp · XTLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Cabrera
Officer — Chief Executive Officer · Director
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 4:54 pm EST
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 StockF1 | Dec 15, 2016 | F | 4,436 | $11.20 | D | 92,064 | D | |
| Common StockF2 | Dec 15, 2016 | A | 35,000 | $0.00 | A | 127,064 | D | |
| Common StockF3 | holding | — | — | — | 535,879 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 25,000 | I | See footnote | |
| Common StockF5 | holding | — | — | — | 25,000 | I | See footnote |
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)F6 | $11.20 | Dec 15, 2016 | A | 167,000 | A | — | Dec 15, 2026 | Common Stock | 167,000 | 167,000 | D |
Explanation of responses
- F1The reported shares were withheld to satisy the Reporting Person's tax liability in connection with the vesting of restricted stock units.
- F2The reported shares are represented by restricted stock units, or RSUs, pursuant to which twenty-five percent (25%) of the RSUs vest on December 15, 2017 and 1/16th of the RSUs vest quarterly thereafter.
- F3The shares are held of record by the Cabrera 2000 Revocable Living Trust dated October 23, 2000 for which the Reporting Person serves as trustee.
- F4The shares are held of record by the the Reporting Person as custodian for his daughter.
- F5The shares are held of record by the the Reporting Person as custodian for his son.
- F6Twenty-five percent (25%) of the shares subject to the option vest on December 15, 2017 and 1/48th of the shares subject to the option vest monthly thereafter.