SEC Form 4 · accession 0001333493-18-000132
eHealth, Inc. · EHTH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derek N. Yung
Officer — SVP, Chief Financial Officer
Period of report
Jul 17, 2018
Accepted (ET)
Jul 19, 2018 · 2:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001333493
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 17, 2018 | A | 25,000 | $0.00 | A | 25,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2 | $0.00 | Jul 17, 2018 | A | 25,000 | A | — | Jul 17, 2022 | Common Stock | 25,000 | 25,000 | D |
| Performance Stock OptionF3 | $23.99 | Jul 17, 2018 | A | 42,500 | A | — | Jul 17, 2025 | Common Stock | 42,500 | 42,500 | D |
| Employee Stock Option (right to buy)F4 | $23.99 | Jul 17, 2018 | A | 42,500 | A | — | Jul 17, 2025 | Common Stock | 42,500 | 42,500 | D |
Explanation of responses
- F1This represents an award of restricted stock units. Each unit represents a contingent right to receive one share of the company's common stock upon vesting. The restricted stock units vest in four equal annual installments from the vesting commencement date of June 4, 2018, subject to the individual continuing to provide services to the company through the applicable vesting date.
- F2The performance-based restricted stock units will be eligible to vest during a four-year performance period following the award's grant date based on the company's stock price trading at certain pre-determined price thresholds. Once a price threshold is achieved, the portion of the award related to that threshold will vest one year later, subject to the individual continuing to provide services to the company through the applicable vesting date.
- F3The performance-based stock options will be eligible to vest during a four-year performance period following the awards's grant date based on the company's stock price trading at certain pre-determined price thresholds. Once a price threshold is achieved, the portion of the award related to that threshold will vest one year later, subject to the individual continuing to provide services to the company through the applicable vesting date.
- F4The stock option will vest as to 25% of the shares one year after the vesting commencement date of June 4, 2018 and 1/48th of the shares each month thereafter, subject to the individual continuing to provide services to the company through the applicable vesting date.