SEC Form 4 · accession 0001140361-15-042537
IMPERVA INC · IMPV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yaniv Shaya
Officer — Senior VP, Engineering
Period of report
Nov 18, 2015
Accepted (ET)
Nov 20, 2015 · 7:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364962
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 18, 2015 | M | 2,500 | $28.57 | A | 25,889 | D | |
| Common Stock | Nov 18, 2015 | M | 1,562 | $32.79 | A | 27,451 | D | |
| Common Stock | Nov 18, 2015 | M | 10,313 | $34.55 | A | 37,764 | D | |
| Common StockF1 | Nov 18, 2015 | S | 4,448 | $71.01 | D | 33,316 | D | |
| Common StockF2 | Nov 18, 2015 | S | 9,927 | $71.75 | D | 23,389 | 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 | $28.57 | Nov 18, 2015 | M | 2,500 | D | — | Jul 15, 2022 | Common Stock | 2,500 | 3,750 | D |
| Stock Option (Right to Buy)F4 | $32.79 | Nov 18, 2015 | M | 1,562 | D | — | Feb 7, 2022 | Common Stock | 1,562 | 0 | D |
| Stock Option (Right to Buy)F5 | $34.55 | Nov 18, 2015 | M | 10,313 | D | — | Feb 4, 2023 | Common Stock | 10,313 | 4,687 | D |
Explanation of responses
- F1Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $70.5 to $71.49 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F2Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $71.54 to $71.99 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F3This Stock Option vests over four years of continuous service as follows: 25% of the underlying shares vest one year following the vesting commencement date of July 1, 2012 with the remaining 75% vesting in equal quarterly installments over the next three years. This stock option is subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances following a change in control of the Issuer.
- F4This Stock Option vests over three years of continuous service as follows: 25% of the underlying shares vest 27 months following the vesting commencement date of January 1, 2012, with the remaining 75% vesting in equal quarterly installments over the next nine months. This stock option is subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances following a change in control of the Issuer.
- F5This Stock Option vests over four years of continuous service as follows: 25% of the underlying shares vest one year following the vesting commencement date of January 1, 2013 with the remaining 75% vesting in equal quarterly installments over the next three years. This stock option is subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances following a change in control of the Issuer.