SEC Form 4 · accession 0001140361-15-010052
TrueCar, Inc. · TRUE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Krafcik
Officer — President · Director
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 7:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001327318
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 1, 2015 | A | 827 | — | A | 11,386 | D | |
| Common StockF4 | Mar 1, 2015 | F | 363 | $19.90 | D | 11,023 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities are shares of common stock issued upon the vesting of restricted stock units (RSUs) based on the achievement of performance goals, plus time-based vesting requirements. This reflects corrected reporting for an RSU award originally reported on May 23, 2014. At grant, such award could have vested as to a total of 44,887 shares. Based on actual performance achieved, a total of 39,725 shares are scheduled to vest in forty-eight (48) equal monthly installments beginning on March 1, 2015.
- F2RSUs convert into common stock on a one-for-one basis.
- F3The cumulative balance includes a reduction of 61,553 shares to reflect a correction to the reporting of the grant originally reported on May 23, 2014.
- F4The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of RSUs.