SEC Form 4 · accession 0001127602-15-023047
ORACLE CORP · ORCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Safra Catz
Officer — Chief Executive Officer · Director
Period of report
Jul 15, 2015
Accepted (ET)
Jul 17, 2015 · 3:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001341439
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 15, 2015 | M | 104,327 | $0.00 | A | 366,862 | D | |
| Common StockF1 | Jul 15, 2015 | F | 54,438 | $40.79 | D | 312,424 | 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 UnitF2 | $0.00 | Jul 15, 2015 | A | 104,327 | A | — | — | Common Stock | 104,327 | 104,327 | D |
| Performance Stock UnitF2 | $0.00 | Jul 15, 2015 | M | 104,327 | D | — | — | Common Stock | 104,327 | 0 | D |
Explanation of responses
- F1Shares withheld for payment of tax liability upon vesting of performance stock units.
- F2Represents amount of performance stock units earned from awards granted on July 24, 2014 and October 5, 2014 based on the achievement of performance targets for the fiscal year ended May 31, 2015, as determined by the Compensation Committee on July 15, 2015. The earned amount vested immediately. The number of earned performance stock units represents 60.7% of the target number of performance stock units eligible to be earned for the first performance period. The performance goals measured Oracle's performance against both a relative revenue growth metric (weighted 50%) and a relative operating cash flow metric (weighted 50%).