SEC Form 4 · accession 0001209191-19-009055
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
Feb 7, 2019
Accepted (ET)
Feb 11, 2019 · 5:52 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 | $36.25 | Feb 7, 2019 | A | 272,700 | A | — | Feb 7, 2029 | Common Stock | 272,700 | 272,700 | D |
| Performance RightsF2 | — | Feb 7, 2019 | A | 44,828 | A | — | Feb 7, 2023 | Common Stock | 44,828 | 44,828 | D |
Explanation of responses
- F1The shares underlying the stock option vest in equal monthly installments over 48 months following the grant date.
- F2The performance rights are subject to both a performance goal and time-based vesting. The rights are eligible to vest only if the average closing price of the issuer's stock equals or exceeds $45.3125 over any 60-trading day period during the four years following the grant date. If the performance goal is met, the rights will vest quarterly over four years following the grant date, subject to the reporting person's continued service. Any rights that have met the time-based vesting schedule at the time the performance goal is achieved will fully vest as of such date, and thereafter any remaining unvested rights will continue vesting solely according to the time-based vesting schedule, subject to the continuous service requirement.