SEC Form 4 · accession 0001209191-17-037826
INSTRUCTURE INC · INST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven B. Kaminsky
Officer — Chief Financial Officer
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 5:17 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,F2 | Jun 1, 2017 | M | 1,640 | — | A | 140,182 | D | |
| Common Stock | Jun 1, 2017 | F | 531 | $27.00 | D | 139,651 | D | |
| Common StockF3 | Jun 1, 2017 | M | 1,195 | — | A | 140,846 | D | |
| Common Stock | Jun 1, 2017 | F | 387 | $27.00 | D | 140,459 | 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 UnitsF4,F5 | — | Jun 1, 2017 | M | 1,640 | D | — | — | Common Stock | 1,640 | 18,039 | D |
| Restricted Stock UnitsF4,F6 | — | Jun 1, 2017 | M | 1,195 | D | — | — | Common Stock | 1,195 | 17,925 | D |
Explanation of responses
- F1The restricted stock units (the "RSU") convert into Issuer's Common Stock on a one-for-one basis.
- F2Includes 1,259 shares acquired under the Issuer's 2015 Employee Stock Purchase Plan on May 31, 2017.
- F3The RSUs convert into Issuer's Common Stock on a one-for-one basis.
- F4Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- F5On February 26, 2016, the Reporting Person was granted an RSU for 26,238 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 March 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.
- F6On January 26, 2017, the Reporting Person was granted an RSU for 19,120 shares of the Issuer's Common Stock. The RSU shall vest in equal quarterly installments, at a rate of 1/16th of the RSU on the quarterly anniversary of the March 1, 2017 (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.