SEC Form 4 · accession 0001209191-16-145432
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
Oct 5, 2016
Accepted (ET)
Oct 7, 2016 · 5:41 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 5, 2016 | M | 22,500 | $21.18 | A | 183,951 | D | |
| Common Stock | Oct 5, 2016 | S | 22,500 | $42.22 | D | 161,451 | 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)F2 | $21.18 | Oct 5, 2016 | M | 22,500 | D | — | Feb 5, 2023 | Common Stock | 22,500 | 197,500 | D |
Explanation of responses
- F1Shares were sold pursuant to a duly adopted 10b5-1 trading plan.
- F2The shares underlying the stock option vest as follows: (a) 10% vest on a monthly basis over the year following the Grant Date of February 5, 2013; (b) 20% vest on a monthly basis over the following year; (c) 30% vest on a monthly basis over the following year; and (d) 40% vest on a monthly basis over the following year.