SEC Form 4 · accession 0001179110-19-000458
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R James Quandt
Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001365038
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.0001 par valueF1,F2 | Jan 2, 2019 | A | 7,092 | $0.00 | A | 85,781 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Quandt was granted 7,092 restricted stock units ("RSUs") in connection with his continued service as the Non-Executive Chairman of the Board of Directors (the "Board") of Leaf Group Ltd. (the "Company") pursuant to the Company's Outside Director Compensation Program. Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Quandt's continued service on the Board through the applicable vesting date, the RSUs will vest in eight (8) substantially equal installments commencing on March 31, 2019 and on each 3-month anniversary thereafter ending December 31, 2020.
- F2Includes 16,277 unvested RSUs.