SEC Form 4 · accession 0001549271-15-000009
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 20, 2015
Accepted (ET)
Feb 24, 2015 · 6:14 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 20, 2015 | S | 1,236 | $9.60 | D | 55,742 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F11,236 shares of common stock were sold pursuant to company instructions to satisfy income tax obligations triggered by the lapsing of forfeiture restrictions with respect to 3,763 shares of restricted common stock.
- F2Includes 21,193 shares of restricted common stock for which forfeiture restrictions have not yet lapsed. This total has been reduced by 218 shares to reflect a sale of shares that should have been included in a Form 4 filed on May 6, 2013 to report a sale of 1,216 shares made pursuant to company instructions to satisfy income tax obligations triggered by the lapsing of forfeiture restrictions. This sale was of 1,434 shares rather than 1,216 shares.