SEC Form 4 · accession 0001209191-18-023253
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
Apr 3, 2018
Accepted (ET)
Apr 3, 2018 · 6:12 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 | Apr 2, 2018 | M | 15,000 | $11.25 | A | 161,299 | D | |
| Common StockF1,F2 | Apr 2, 2018 | S | 15,000 | $40.7157 | D | 146,299 | 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)F3 | $11.25 | Apr 2, 2018 | M | 15,000 | D | — | Apr 28, 2025 | Common Stock | 15,000 | 15,726 | 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 $40.30 to $42.10, 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 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.