SEC Form 4 · accession 0001209191-17-017917
YELP INC · YELP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy Stoppelman
Officer — Chief Executive Officer · Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 6:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001345016
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $34.66 | Mar 1, 2017 | A | 347,650 | A | — | Mar 1, 2027 | Common Stock | 347,650 | 347,650 | D |
| Employee Stock Option (Right to Buy)F2 | $34.66 | Mar 1, 2017 | A | 305,950 | A | — | Mar 1, 2027 | Common Stock | 305,950 | 305,950 | D |
Explanation of responses
- F1The shares underlying the stock option vest over 36 months from the date of grant as follows: (a) 35% of the shares vest in equal monthly installments over the 12 month period from the grant date; then (b) 45% of the shares vest in equal monthly installments over the following 12 month period; and then (c) 20% of the shares vest in equal monthly installments over the following 12 month period, such that all of the shares vest as of the three year anniversary of the grant date.
- F2The shares underlying the stock option vest in equal monthly installments over 48 months following the grant date.