SEC Form 4 · accession 0001127602-17-024924
ORACLE CORP · ORCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Joseph Ellison
Officer — Executive Chairman · Director · 10% Owner · Other
Period of report
Aug 1, 2017
Accepted (ET)
Aug 3, 2017 · 7:00 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 | Aug 1, 2017 | M | 70,312 | $0.00 | A | 1,124,174,048 | D | |
| Common Stock | Aug 1, 2017 | M | 70,312 | $0.00 | A | 1,124,244,360 | D | |
| Common Stock | Aug 1, 2017 | M | 105,468 | $0.00 | A | 1,124,349,828 | D | |
| Common StockF1 | Aug 1, 2017 | F | 128,411 | $50.16 | D | 1,124,221,417 | 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 | Aug 1, 2017 | A | 70,312 | A | — | — | Common Stock | 70,312 | 70,312 | D |
| Performance Stock UnitF2 | $0.00 | Aug 1, 2017 | M | 70,312 | D | — | — | Common Stock | 70,312 | 0 | D |
| Performance Stock UnitF3 | $0.00 | Aug 1, 2017 | A | 70,312 | A | — | — | Common Stock | 70,312 | 70,312 | D |
| Performance Stock UnitF3 | $0.00 | Aug 1, 2017 | M | 70,312 | D | — | — | Common Stock | 70,312 | 0 | D |
| Performance Stock UnitF4 | $0.00 | Aug 1, 2017 | A | 105,468 | A | — | — | Common Stock | 105,468 | 105,468 | D |
| Performance Stock UnitF4 | $0.00 | Aug 1, 2017 | M | 105,468 | D | — | — | Common Stock | 105,468 | 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 based on the achievement of performance targets for the fiscal year ended May 31, 2017, as determined by the Compensation Committee on August 1, 2017. The earned amount vested immediately. The number of earned performance stock units represents 50% of the target number of performance stock units eligible to be earned for the third 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%).
- F3Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of performance targets for the fiscal year ended May 31, 2017, as determined by the Compensation Committee on August 1, 2017. The earned amount vested immediately. The number of earned performance stock units represents 50% of the target number of performance stock units eligible to be earned for the second 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%).
- F4Represents amount of performance stock units earned from an award granted on June 30, 2016 based on the achievement of performance targets for the fiscal year ended May 31, 2017, as determined by the Compensation Committee on August 1, 2017. The earned amount vested immediately. The number of earned performance stock units represents 75% 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%).