SEC Form 4 · accession 0001209191-17-017002
INSTRUCTURE INC · INST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Kaminer
Officer — SVP, GC & Secretary
Period of report
Mar 1, 2017
Accepted (ET)
Mar 2, 2017 · 8:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001355754
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2017 | M | 1,047 | — | A | 18,161 | D | |
| Common Stock | Mar 1, 2017 | F | 404 | $23.50 | D | 17,757 | D | |
| Common Stock | holding | — | — | — | 751 | I | By spouse | |
| Common Stock | holding | — | — | — | 100 | I | By son | |
| Common Stock | holding | — | — | — | 100 | I | By son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Mar 1, 2017 | M | 1,047 | D | — | — | Common Stock | 1,047 | 13,620 | D |
Explanation of responses
- F1The restricted stock units (the "RSU") convert into Issuer's Common Stock on a one-for-one basis.
- F2Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- F3On February 26, 2016, the Reporting Person was granted an RSU for 16,762 shares of the Issuer's Common Stock. The RSU vests in equal quarterly installments, at a rate of 1/16th of the RSU on the quarterly anniversary of the June 1, 2016 (the "Vesting Commencement Date") and 1/16th of the RSU on 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 RSU shall be fully vested on the four-year anniversary of the Vesting Commencement Date.