SEC Form 4 · accession 0001209191-17-057948
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
Oct 23, 2017
Accepted (ET)
Oct 25, 2017 · 5:27 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 | Oct 23, 2017 | M | 969 | $2.07 | A | 143,345 | D | |
| Common StockF1 | Oct 23, 2017 | S | 969 | $35.00 | D | 142,376 | D | |
| Common Stock | Oct 24, 2017 | M | 1,702 | $2.07 | A | 144,078 | D | |
| Common Stock | Oct 24, 2017 | M | 9,829 | $11.25 | A | 153,907 | D | |
| Common StockF1 | Oct 24, 2017 | S | 11,531 | $35.00 | D | 142,376 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $2.07 | Oct 23, 2017 | M | 969 | D | — | May 30, 2023 | Common Stock | 969 | 1,702 | D |
| Stock Option (Right to Buy)F2 | $2.07 | Oct 24, 2017 | M | 1,702 | D | — | May 30, 2023 | Common Stock | 1,702 | 0 | D |
| Stock Option (Right to Buy)F3 | $11.25 | Oct 24, 2017 | M | 9,829 | D | — | Apr 28, 2025 | Common Stock | 9,829 | 45,726 | D |
Explanation of responses
- F1Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The 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 May 31, 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.
- F3The shares subject to this option vested in equal monthly installments, at a rate of 1/12th of the total number of shares on the one-month anniversary of May 1, 2016 (the "Vesting Commencement Date") and 1/12th of the total number of shares on each monthly anniversary of the Vesting Commencement Date thereafter, such that the total number of shares fully vested on the one-year anniversary of the Vesting Commencement Date.