SEC Form 4 · accession 0001209191-18-004328
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
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 5:18 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jan 17, 2018 | S | 13,000 | $43.4786 | D | 2,531,310 | I | See Footnote (3) |
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)F4 | $43.58 | Jan 16, 2018 | A | 288,000 | A | — | Jan 16, 2028 | Common Stock | 288,000 | 288,000 | D |
Explanation of responses
- F1Shares were sold pursuant to a duly adopted 10b5-1 trading plan.
- F2The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $43.20 to $43.80, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.
- F3Shares are held by Jeremy Stoppelman as Trustee UA 03/16/10 Jeremy Stoppelman Revocable Trust. The Reporting Person holds voting and dispositive power over the shares.
- F4The shares underlying the stock option vest in equal monthly installments over 48 months following the grant date.