SEC Form 4 · accession 0001209191-15-003786

YELP INC · YELP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP, Legal & User Operations

Period of report

Jan 8, 2015

Accepted (ET)

Jan 12, 2015 · 6:40 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^F1	Jan 8, 2015	A	40,311	$0.00	A	60,311	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F2	$53.83	Jan 8, 2015	A	24,450	A	—	Jan 8, 2025	Class A Common Stock	24,450	24,450	D

F1Represents the grant of restricted stock units that vest in quarterly installments over four years from the Grant Date, as follows: (a) 2.5% of the shares vest on each of February 20, 2015, May 20, 2015, August 20, 2015 and November 20, 2015; then (b) 5.0% of the shares vest on each of February 20, 2016, May 20, 2016, August 20, 2016 and November 20, 2016; then (c) 7.5% of the shares vest on each of February 20, 2017, May 20, 2017, August 20, 2017 and November 20, 2017; and then (d) 10.0% of the shares vest on each of February 20, 2018, May 20, 2018, August 20, 2018 and November 20, 2018.
F2The shares underlying the stock option vest in monthly installments over four years from the Grant Date, as follows: (a) 10% of the shares vest ratably on a monthly basis over the 12 month period following the Grant Date; then (b) 20% of the shares vest ratably on a monthly basis over the following 12 month period; then (c) 30% of the shares vest ratably on a monthly basis over the following 12 month period; and then (d) 40% of the shares vest ratably on a monthly basis over the following 12 month period, such that all of the shares will be vested as of the four year anniversary of the Grant Date.