SEC Form 4 · accession 0001209191-17-051682
INSTRUCTURE INC · INST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc T. Maloy
Officer — EVP, World Wide Sales
Period of report
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 4:51 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 Stock | Sep 1, 2017 | M | 2,000 | $1.005 | A | 13,272 | D | |
| Common StockF1,F2 | Sep 1, 2017 | S | 2,000 | $29.66 | D | 11,272 | D | |
| Common StockF3 | Sep 1, 2017 | M | 1,269 | — | A | 12,541 | D | |
| Common Stock | Sep 1, 2017 | F | 411 | $30.15 | D | 12,130 | D | |
| Common StockF3 | Sep 1, 2017 | M | 896 | — | A | 13,026 | D | |
| Common Stock | Sep 1, 2017 | F | 290 | $30.15 | D | 12,736 | 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 | — | Sep 1, 2017 | M | 1,269 | D | — | — | Common Stock | 1,269 | 12,689 | D |
| Stock Option (Right to Buy)F6 | $1.005 | Sep 1, 2017 | M | 2,000 | D | — | Apr 10, 2023 | Common Stock | 2,000 | 139,999 | D |
| Restricted Stock UnitsF4,F7 | — | Sep 5, 2017 | M | 896 | D | — | — | Common Stock | 896 | 12,548 | D |
Explanation of responses
- F1Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.10 to $30.05, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2 to this Form 4.
- F3The restricted stock units (the "RSU") 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 20,302 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.
- F6The shares subject to this option vested at a rate of twenty-five percent of the total number of shares on the one-year anniversary of April 3, 2013 (the "Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the Vesting Commencement Date thereafter, such that the total number of shares fully vested on the four-year anniversary of the Vesting Commencement Date.
- F7On January 26, 2017, the Reporting Person was granted an RSU for 14,340 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.