SEC Form 4 · accession 0001209191-17-008194
INSTRUCTURE INC · INST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitch Macfarlane
Officer — Chief Operating Officer
Period of report
Feb 3, 2017
Accepted (ET)
Feb 6, 2017 · 9:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001355754
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 3, 2017 | A | 12,048 | A | — | — | Common Stock | 12,048 | 12,048 | D |
| Stock Option (Right to Buy)F3 | $22.55 | Feb 3, 2017 | A | 19,245 | A | — | Feb 1, 2027 | Common Stock | 19,245 | 19,245 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- F2The RSU shall vest at a rate of twenty-five percent of the total number of shares on the one-year anniversary of March 1, 2017 (the "Vesting Commencement Date") and 1/16th of the total number of shares each quarterly anniversary of the Vesting Commencement Date thereafter for so long as the Reporting Person provides continuous service to the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date.
- F3The shares subject to this option shall vest at a rate of twenty-five percent of the total number of shares on the one-year anniversary of March 1, 2017 (the "Vesting Commencement Date") and 1/16th of the total number of shares each quarterly anniversary of the Vesting Commencement Date thereafter for so long as the Reporting Person provides continuous service to the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date.