SEC Form 4 · accession 0001209191-15-003235
YELP INC · YELP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence Wilson
Officer — SVP, Legal & User Operations
Period of report
Jan 7, 2015
Accepted (ET)
Jan 8, 2015 · 6:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001345016
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jan 7, 2015 | C | 1,250 | $0.00 | A | 21,250 | D | |
| Class A Common Stock | Jan 7, 2015 | S | 1,250 | $53.52 | D | 20,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $7.16 | Jan 7, 2015 | M | 1,250 | D | — | Jan 25, 2021 | Class B Common Stock | 1,250 | 73,150 | D |
| Class B Common StockF4,F5,F6 | — | Jan 7, 2015 | M | 1,250 | A | — | — | Class A Common Stock | 1,250 | 26,483 | D |
| Class B Common StockF4,F5,F6 | — | Jan 7, 2015 | C | 1,250 | D | — | — | Class A Common Stock | 1,250 | 25,233 | D |
Explanation of responses
- F1Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
- F2Shares were sold pursuant to a duly adopted 10b5-1 trading plan.
- F3Fully vested.
- F4Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. All Class A Common Stock and Class B Common Stock will convert automatically into Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock and (ii) seven years following the effective date of the issuer's initial public offering.
- F5In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the issuer) of the Reporting Person, or (iii) upon such date as is specified by the affirmative vote or written consent of the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock.
- F6Not applicable.