SEC Form 4 · accession 0001209191-18-059247
IMPERVA INC · IMPV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Hylen
Officer — President and CEO · Director
Period of report
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 5:25 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 15, 2018 | M | 6,325 | $0.00 | A | 21,332 | D | |
| Common StockF2 | Nov 15, 2018 | F | 3,136 | $55.88 | D | 18,725 | 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 UnitsF3,F4,F5 | — | Nov 15, 2018 | M | 6,325 | D | — | Aug 17, 2027 | Common Stock | 6,325 | 69,575 | D |
Explanation of responses
- F1Exempt transaction pursuant to Rule 16b-3(e). The shares were automatically withheld by the Issuer in accordance with the agreement governing the RSUs to satisfy tax withholding obligations of the Reporting Person resulting from the vesting and settlement of the RSUs. The shares were withheld and cancelled by the Issuer and no shares were sold by the Reporting Person.
- F2Includes 529 shares of common stock acquired by the reporting person on November 15, 2018 under the Imperva, Inc. 2011 Employee Stock Purchase Plan.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer upon vesting.
- F4The restricted stock units vest as follows: 25% of the underlying shares vest one year following the vesting commencement date of August 15, 2017, with the remaining 75% vesting in equal quarterly installments over the next three years. The restricted stock units are subject to accelerated vesting in the event of a termination of employment under certain circumstances, including a termination following a change in control of the Issuer.
- F5The Issuer has up to 30 days following vesting to settle. The actual expiration date will be immediately following settlement.