SEC Form 4 · accession 0001618229-15-000004
ROSETTA STONE INC · RST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric B Ludwig
Officer — Sr. VP, Global Consumer
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 7:05 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,F3 | Feb 10, 2015 | S | 2,553 | $9.79 | D | 20,535 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were sold pursuant to company instructions to satisfy income tax withholding obligations triggered by grant of fully vested shares under the company's 2009 Omnibus Incentive Plan 2013 Rosetta Stone Inc. Long Term Incentive Program.
- F2The sales were aggregated with other sales and took place over the course of three days. The price shown is the average sales price for the aggregate sale and is what the Reporting Person received. The average sales price for each day of aggregated sales was $9.9282, $9.6645 and $9.48. The number of shares sold on each day is an aggregate number, not attributable to a particular seller, and cannot be determined with respect to the Reporting Person. 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 and prices at which the transaction was affected.
- F3Includes 8,811 shares of restricted common stock on which forfeiture restrictions have not yet lapsed.