SEC Form 4 · accession 0001209191-16-150645
IMPERVA INC · IMPV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E. Kraynak
Officer — SVP & GM of Enterprise Bus.
Period of report
Nov 15, 2016
Accepted (ET)
Nov 16, 2016 · 5:55 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 StockF1 | Nov 15, 2016 | M | 448 | $0.00 | A | 448 | D | |
| Common StockF1 | Nov 15, 2016 | M | 717 | $0.00 | A | 1,165 | D | |
| Common StockF1 | Nov 15, 2016 | M | 3,108 | $0.00 | A | 4,273 | D | |
| Common StockF1 | Nov 15, 2016 | M | 2,391 | $0.00 | A | 6,664 | D | |
| Common StockF3 | Nov 16, 2016 | S | 3,332 | $40.16 | D | 3,332 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5,F6 | — | Nov 15, 2016 | M | 938 | D | — | Feb 4, 2023 | Common Stock | 938 | 937 | D |
| Restricted Stock UnitsF4,F7,F6 | — | Nov 15, 2016 | M | 1,500 | D | — | Feb 3, 2024 | Common Stock | 1,500 | 7,500 | D |
| Restricted Stock UnitsF4,F8,F6 | — | Nov 15, 2016 | M | 6,500 | D | — | Feb 2, 2025 | Common Stock | 6,500 | 0 | D |
| Restricted Stock UnitsF4,F9,F6 | — | Nov 15, 2016 | M | 5,000 | D | — | Dec 15, 2016 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1Represents the number of shares that were acquired in connection with the net settlement of the restricted stock units listed in Table II.
- F2This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
- F3Represents a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $40.10 to $40.30. 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.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer upon vesting.
- F5The restricted stock units vest as follows: 25% of the underlying shares vest one year following the vesting commencement date of February 15, 2013, with the remaining 75% vesting in equal quarterly installments over the next three years. The restricted stock units are subject to accelerated vesting as to 100% of such shares following a change in control of the Issuer.
- F6The Issuer has up to 30 days following vesting to settle. The actual expiration date will be immediately following settlement.
- F7The restricted stock units vest as follows: 25% of the underlying shares vest one year following the vesting commencement date of February 15, 2014, with the remaining 75% vesting in equal quarterly installments over the next three years. The restricted stock units are subject to accelerated vesting as to 100% of such shares following a change in control of the Issuer.
- F8The restricted stock units vest as follows: 25% of the underlying shares vested on February 15, 2016, with the remaining 75% vesting in three equal quarterly installments thereafter. The restricted stock units are 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.
- F9The restricted stock units vest as follows: 25% of the underlying shares vest one year following the vesting commencement date of November 15, 2012, with the remaining 25% vesting in equal annual installments over the next three years. The restricted stock units are 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.