SEC Form 4 · accession 0001209191-18-008571
IMPERVA INC · IMPV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sunil D Nagdev
Officer — Chief Customer Officer
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 6:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364962
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Feb 6, 2018 | A | 7,307 | A | — | Feb 5, 2027 | Common Stock | 7,307 | 7,307 | D |
| Restricted Stock UnitsF1,F4,F3 | — | Feb 6, 2018 | A | 4,092 | A | — | Apr 24, 2027 | Common Stock | 4,092 | 4,092 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer upon vesting.
- F2On February 6, 2017, the compensation committee of the board of directors granted performance-based restricted stock units subject to the Issuer's achievement of performance conditions for the year ended December 31, 2017. On February 6, 2018, the compensation committee determined that the performance conditions had been achieved at 58.46% of the target and awarded the restricted stock units, which vest as to 12.5% of the underlying shares on February 15, 2018, with the remainder vesting quarterly in 12.5% increments. 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.
- F3The Issuer has up to 30 days following vesting to settle. The actual expiration date will be immediately following settlement.
- F4On April 25, 2017, the compensation committee of the board of directors granted performance-based restricted stock units subject to the Issuer's achievement of performance conditions for the year ended December 31, 2017. On February 6, 2018, the compensation committee determined that the performance conditions had been achieved at 58.46% of the target and awarded the restricted stock units, which vest as to 12.5% of the underlying shares on May 15, 2018, with the remainder vesting quarterly in 12.5% increments. 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.