SEC Form 4 · accession 0001127602-18-024649
ORACLE CORP · ORCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Kurian
Officer — President-Product Development
Period of report
Aug 2, 2018
Accepted (ET)
Aug 3, 2018 · 8:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001341439
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF1 | $0.00 | Aug 2, 2018 | A | 137,500 | A | — | — | Common Stock | 137,500 | 984,319 | D |
| Performance Stock UnitF2 | $0.00 | Aug 2, 2018 | A | 137,500 | A | — | — | Common Stock | 137,500 | 1,121,819 | D |
| Performance Stock UnitF3 | $0.00 | Aug 2, 2018 | A | 137,500 | A | — | — | Common Stock | 137,500 | 1,259,319 | D |
Explanation of responses
- F1Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the third performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.
- F2Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the second performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.
- F3Represents amount of performance stock units earned from an award granted on June 30, 2016 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.