SEC Form 4 · accession 0001209191-17-035906
INSTRUCTURE INC · INST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen Levy
Director
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 5:01 pm EDT
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 | May 24, 2017 | M | 10,938 | — | A | 26,562 | D |
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 | — | May 24, 2017 | M | 10,938 | D | — | — | Common Stock | 10,938 | 0 | D |
| Restricted Stock UnitsF2,F4 | — | May 25, 2017 | A | 13,435 | A | — | — | Common Stock | 13,435 | 13,435 | 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 November 12, 2015, the Reporting Person was granted an RSU for 21,875 shares of the Issuer's Common Stock, vesting annually for so long as the Reporting Person provides continuous service to the Issuer with (i) 50% vesting on the last market trading day immediately prior to Issuer's first annual stockholder meeting held after November 12, 2015, which vesting date is May 24, 2016, and (ii) 50% on the last market trading day immediately prior to Issuer's second annual stockholder meeting held after November 12, 2015, which vesting date is May 24, 2017.
- F4On May 25, 2017, the Reporting Person was granted an RSU for 13,435 shares of the Issuer's Common Stock, vesting annually for so long as the Reporting Person provides continuous service to the Issuer with (i) 50% vesting on the last market trading day immediately prior to Issuer's first annual stockholder meeting held after May 25, 2017, and (ii) 50% on the last market trading day immediately prior to Issuer's second annual stockholder meeting held after May 25, 2017.