SEC Form 4 · accession 0001209191-15-050149
Everyday Health, Inc. · EVDY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Habib Kairouz
Director · 10% Owner
Period of report
Jun 2, 2015
Accepted (ET)
Jun 4, 2015 · 4:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001358483
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jun 2, 2015 | A | 4,016 | $0.00 | A | 10,292 | D | |
| Common StockF4,F5,F6 | holding | — | — | — | 4,107,522 | I | See Footnote |
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)F7 | $12.45 | Jun 2, 2015 | A | 9,373 | A | — | Jun 2, 2025 | Common Stock | 9,373 | 9,373 | D |
Explanation of responses
- F1The security represents restricted stock units granted to the reporting person pursuant to the issuer's non-employee director compensation policy (the "Policy"). Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- F250% of the shares underlying these restricted stock units vest on each of June 2, 2016 and June 2, 2017, subject to the reporting person's continued service on the board of directors of the issuer on each such date.
- F3The number of shares reported as directly held by the reporting person reflects the change in form of beneficial ownership of an aggregate of 6,276 shares previously reported by the reporting person as indirectly held through the reporting person's interest in Rho Ventures II Holdings LLC ("Rho II"), Rho Ventures III Holdings LLC ("Rho III") and Rho Ventures Partners Holdings LLC ("Holdings" and, collectively with Rho II and Rho III, the "Distributing Funds"). Such shares were received by virtue of pro-rata in-kind distributions (the "Distributions") of common stock of the issuer by the Distributing Funds without consideration to their respective members, including the reporting person.
- F4As noted in footnote (3) above, the Distributing Funds have effected pro-rata in-kind distributions of the issuer's common stock subsequent to the last Form 4 filed by the reporting person. The shares reported as held by the reporting person indirectly through the Distributing Funds in this report reflect such distributions. The Distributing Funds reported the Distributions on a Form 4 filed on November 14, 2014, however, the Distributions did not result in any change in the reporting person's pecuniary interest in the issuer's common stock and, accordingly, no Form 4 was required or filed by the reporting person to report such distributions.
- F5Ownership consists of (i) 30,931 shares of common stock held directly by Rho II; (ii) 622,356 shares of common stock held directly by Rho III; (iii) 58,712 shares of common stock held directly by Holdings; (iv) 949,266 shares of common stock held directly by Rho Investment Partners Holdings LLC ("Investment"); (v) 2,445,350 shares of common stock held directly by Rho Ventures VI, L.P. ("RVVI"); and (vi) 907 shares of common stock held directly by Rho Capital Partners LLC ("Partners").
- F6Partners is the managing member of each of Rho II, Rho III, Holdings and Investment. Partners is also the managing member of RMV VI, L.L.C. ("RMV VI"), which is the general partner of RVVI. The reporting person (a member of the board of directors of the issuer), Mark Leschly and Joshua Ruch are managing members of Partners and, as such may be deemed to share the power to vote and dispose of the shares held by each of Rho II, Rho III, Holding, Investment and RVVI. The reporting person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein.
- F7This option was granted to the reporting person pursuant to the Policy and vests and becomes exercisable in a series of 24 successive equal monthly installments measured from June 2, 2015, subject to the reporting person's continued service on the board of directors of the issuer on each such date.