SEC Form 4 · accession 0001140361-15-016521
TrueCar, Inc. · TRUE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Painter
Officer — CEO & Chairman of the Board · Director
Period of report
Apr 23, 2015
Accepted (ET)
Apr 27, 2015 · 7:42 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 | Apr 23, 2015 | A | 166,666 | $0.00 | A | 2,043,274 | D | |
| Common StockF2 | holding | — | — | — | 3,147 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 3,147 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 3,147 | I | See footnote | |
| Common StockF5 | holding | — | — | — | 3,147 | 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 | $15.71 | Apr 23, 2015 | A | 500,000 | A | — | Apr 23, 2025 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The reported securities are represented by restricted stock units ("RSUs"), 20,833 of which are scheduled to vest on June 30, 2015 with the remaining RSUs vesting in fourteen (14) equal quarterly installments beginning on September 30, 2015.
- F2Shares held directly by Indy Painter under the California Uniform Transfers to Minor Act for which the Reporting Person serves as custodian.
- F3Shares held directly by Luke Painter under the California Uniform Transfers to Minor Act for which the Reporting Person serves as custodian.
- F4Shares held directly by Noah Painter under the California Uniform Transfers to Minor Act for which the Reporting Person serves as custodian.
- F5Shares held directly by Zoe Painter under the California Uniform Transfers to Minor Act for which the Reporting Person serves as custodian.
- F6The reported options are scheduled to vest in forty-eight (48) equal monthly installments beginning on February 1, 2015.