SEC Form 4 · accession 0000899243-17-012693
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
May 8, 2017
Accepted (ET)
May 10, 2017 · 9:11 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 | May 8, 2017 | M | 5,200 | $0.68 | A | 137,105 | D | |
| Common StockF2 | May 8, 2017 | S | 5,200 | $12.0207 | D | 131,905 | D | |
| Common Stock | May 9, 2017 | M | 14,366 | $0.68 | A | 146,271 | D | |
| Common StockF3 | May 9, 2017 | S | 14,366 | $12.021 | D | 131,905 | D | |
| Common Stock | May 10, 2017 | M | 10,434 | $0.68 | A | 142,339 | D | |
| Common StockF3 | May 10, 2017 | S | 10,434 | $12.0594 | D | 131,905 | D | |
| Common StockF4 | holding | — | — | — | 535,879 | I | See footnote | |
| Common StockF5 | holding | — | — | — | 25,000 | I | See footnote | |
| Common StockF6 | 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)F7 | $0.68 | May 8, 2017 | M | 5,200 | D | — | Sep 22, 2020 | Common Stock | 5,200 | 179,872 | D |
| Employee Stock Option (right to buy)F7 | $0.68 | May 9, 2017 | M | 14,366 | D | — | Sep 22, 2020 | Common Stock | 14,366 | 165,506 | D |
| Employee Stock Option (right to buy)F7 | $0.68 | May 10, 2017 | M | 10,434 | D | — | Sep 22, 2020 | Common Stock | 10,434 | 155,072 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 12, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.05, 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. Within the ranges set forth in footnotes (2) and (3) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.15, inclusive.
- F4The shares are held of record by the Cabrera 2000 Revocable Living Trust dated October 23, 2000 for which the Reporting Person serves as trustee.
- F5The shares are held of record by the Reporting Person as custodian for his daughter.
- F6The shares are held of record by the Reporting Person as custodian for his son.
- F7Shares subject to the option are fully vested and immediately exercisable.