SEC Form 4 · accession 0001209191-15-050681
Carbonite Inc · CARB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Folger
Officer — Chief Financial Officer
Period of report
Jun 3, 2015
Accepted (ET)
Jun 5, 2015 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001340127
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 3, 2015 | A | 200,000 | $0.00 | A | 254,772 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects the grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. 100,000 restricted stock units (the "4-Year RSUs") vest in 4 equal annual installments beginning on June 3, 2016 and will be settled on each applicable vest date in shares of the issuer's common stock. 100,000 restricted stock units (the "Market-based RSUs") will begin to accrue as to 25% on each one year anniversary of the date of grant, but shall only become vested and settled in shares of common stock as to any then-accrued portion with respect to (i) 50,000 restricted stock units if the issuer's common stock attains an average price of at least $14.00, and (ii) 50,000 restricted stock units if the issuer's common stock attains an average price of at least $18.00 per share, in each case for 20 consecutive trading days. The vesting schedule for the Market-based RSUs shall be accelerated upon certain Change of Control events.
- F2Includes 254,772 shares of common stock subject to unvested restricted stock units.