SEC Form 4 · accession 0001140361-17-024755
TrueCar, Inc. · TRUE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Skutta
Officer — EVP, Dealer Sales & Service
Period of report
Jun 10, 2017
Accepted (ET)
Jun 12, 2017 · 8:44 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 | Jun 10, 2017 | A | 39,440 | $0.00 | A | 131,676 | 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)F2 | $18.91 | Jun 10, 2017 | A | 56,736 | A | — | Jun 10, 2027 | Common Stock | 56,736 | 56,736 | D |
| Employee Stock Option (right to buy)F3 | $18.91 | Jun 10, 2017 | A | 130,000 | A | — | Jun 10, 2027 | Common Stock | 130,000 | 130,000 | D |
Explanation of responses
- F1The reported securities are represented by restricted stock units which vest in sixteen equal quarterly installments beginning on September 15, 2017.
- F2The reported option is scheduled to vest in forty-eight (48) equal monthly installments beginning on July 15, 2017.
- F3The reported option is scheduled to vest as to 10% of the total number of shares subject to the option on June 15, 2018, as to 20% of such shares on June 15, 2019, as to 30% of such shares on June 15, 2020 and as to 40% of such shares on June 15, 2021.