SEC Form 4 · accession 0001140361-17-034961
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
Sep 6, 2017
Accepted (ET)
Sep 8, 2017 · 5:37 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 Stock | Sep 6, 2017 | M | 50,000 | $6.03 | A | 181,282 | D | |
| Common StockF1 | Sep 6, 2017 | S | 61,942 | $17.0119 | D | 119,340 | D | |
| Common Stock | Sep 7, 2017 | M | 55,468 | $6.03 | A | 174,808 | D | |
| Common StockF2 | Sep 7, 2017 | S | 55,468 | $17.0094 | D | 119,340 | 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 | $6.03 | Sep 6, 2017 | M | 50,000 | D | — | Mar 14, 2026 | Common Stock | 50,000 | 287,500 | D |
| Employee Stock Option (right to buy)F3 | $6.03 | Sep 7, 2017 | M | 55,468 | D | — | Mar 14, 2026 | Common Stock | 55,468 | 232,032 | D |
Explanation of responses
- F1The reported price in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $16.90 to $17.14 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- F2The reported price in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $16.90 to $17.15 per share, inclusive.
- F3The shares subject to the option vest in forty-eight (48) equal monthly installments beginning on June 15, 2016.