SEC Form 4 · accession 0001209191-18-043108
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
Jul 16, 2018
Accepted (ET)
Jul 18, 2018 · 5:07 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 | Jul 16, 2018 | M | 15,726 | $11.25 | A | 165,418 | D | |
| Common Stock | Jul 16, 2018 | M | 4,274 | $13.79 | A | 169,692 | D | |
| Common StockF1,F2 | Jul 16, 2018 | S | 20,000 | $45.1582 | D | 149,692 | 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 | Jul 16, 2018 | M | 15,726 | D | — | Apr 28, 2025 | Common Stock | 15,726 | 0 | D |
| Stock Option (Right to Buy)F4 | $13.79 | Jul 16, 2018 | M | 4,274 | D | — | Feb 26, 2026 | Common Stock | 4,274 | 39,797 | 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 $45.00 to $45.70, 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 and 1/12th of the total number of shares on each monthly anniversary of May 1, 2016 thereafter, such that the total number of shares fully vested on the one-year anniversary of May 1, 2016.
- F4The shares subject to this option shall vest in equal quarterly installments, at a rate of 1/16th of the total number of shares on the quarterly anniversary of the March 1, 2016 and 1/16th of the total number of shares on each quarterly anniversary of March 1, 2016 thereafter for so long as the Reporting Person provides continuous service to the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of March 1, 2016.