SEC Form 4 · accession 0001209191-15-073935
IMPERVA INC · IMPV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Amichai Shulman
Officer — Chief Technology Officer
Period of report
Oct 1, 2015
Accepted (ET)
Oct 5, 2015 · 4:43 pm EDT
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 | Oct 1, 2015 | M | 1,875 | $32.79 | A | 86,677 | D | |
| Common Stock | Oct 1, 2015 | M | 938 | $34.55 | A | 87,615 | D | |
| Common StockF2 | Oct 1, 2015 | S | 713 | $63.94 | D | 86,902 | D | |
| Common StockF3 | Oct 1, 2015 | S | 1,162 | $65.14 | D | 85,740 | D | |
| Common StockF4 | Oct 1, 2015 | S | 938 | $65.63 | D | 84,802 | D | |
| Common StockF5 | holding | — | — | — | 36,765 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F6 | $32.79 | Oct 1, 2015 | M | 1,875 | D | — | Feb 7, 2022 | Common Stock | 1,875 | 1,875 | D |
| Employee Stock Option (right to buy)F7 | $34.55 | Oct 1, 2015 | M | 938 | D | — | Feb 4, 2023 | Common Stock | 938 | 4,687 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
- F2Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $63.48 to $64.35. 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 sold at each separate price within the range.
- F3Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $64.53 to $65.51. 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 sold at each separate price within the range.
- F4Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $65.51 to $65.83. 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 sold at each separate price within the range.
- F5The shares are owned of record by Amichai Shulman Holdings 2000 Ltd. The Reporting Person is a director and beneficial owner of the shares held by such entity.
- F6This 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, 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.
- F7This 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.