SEC Form 4 · accession 0001127602-16-052857
Apigee Corp · APIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shankar Ramaswamy
Officer — VP of Engineering & Operations
Period of report
May 17, 2016
Accepted (ET)
May 19, 2016 · 7:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001324772
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 17, 2016 | M | 50,000 | $10.55 | A | 153,350 | D | |
| Common Stock | May 17, 2016 | F | 18,728 | $10.55 | D | 134,622 | D | |
| Common StockF1,F2 | May 18, 2016 | S | 15,636 | $10.6088 | D | 118,986 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4 | — | May 17, 2016 | M | 50,000 | D | — | — | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c).
- F2The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.341 to $10.72, 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 purchased at each separate price within the ranges as set forth in this footnote.
- F3Each restricted stock unit represents a contingent right to receive one share of Apigee Corporation common stock in settlement upon vesting. The restricted stock units vest on specific dates and do not have an expiration date.
- F4One-half of the shares underlying the restricted stock unit vest on May 17, 2016, and the remaining one-half vest annually in four equal installments thereafter, assuming reporting person is in service with issuer on vesting date(s).