SEC Form 4 · accession 0001140361-15-012098
TrueCar, Inc. · TRUE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Stephenson
Officer — EVP & Chief Risk Mgmt Officer
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 8:50 pm EDT
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 | Mar 12, 2015 | A | 3,103 | $0.00 | A | 3,103 | 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,F2 | $12.81 | Mar 12, 2015 | A | 88,500 | A | — | May 2, 2024 | Common Stock | 88,500 | 88,500 | D |
Explanation of responses
- F1The reported securities are represented by restricted stock units (RSUs) which vest in four (4) equal quarterly installments beginning on March 31, 2015.
- F2The reported options were issued upon the achievement of performance goals with respect to certain revenue and adjusted EBITDA targets. This reflects corrected reporting of an option grant originally reported on May 15, 2014. At grant, an option to purchase a total of 100,000 shares was granted. Based on actual performance achieved, a total of 88,500 options are scheduled to vest in forty-eight (48) equal monthly installments beginning on March 1, 2015.
- F3The amounts reported in columns 5, 7 and 9 of Table II include a reduction of 11,500 options to reflect a correction to the reporting of the option grant originally reported on May 15, 2014.