SEC Form 4 · accession 0001351285-17-000014
ROSETTA STONE INC · RST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Pierno
Officer — Chief Financial Officer
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001351285
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 22, 2017 | A | 31,834 | $0.00 | A | 107,410 | D | |
| Common StockF3,F4,F2 | Feb 23, 2017 | S | 2,099 | $7.6317 | D | 105,311 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are subject to forfeiture restrictions that lapse one-quarter per annum beginning one year from February 22, 2017, the date of grant.
- F2Includes 69,507 shares of restricted common stock on which forfeiture restrictions have not yet lapsed.
- F3This number represents shares of Common Stock sold to satisfy the income tax obligation due upon the vesting of 5,320 shares of restricted stock relating to grants dated February 21, 2013, and February 19, 2016, based upon prior designated instructions.
- F4This transaction was executed in multiple trades at the same price of $7.6317 per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or security holder of the issuer, full information regarding the number of shares sold at each transaction.