SEC Form 4 · accession 0001179110-19-001085
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah A Benton
Director
Period of report
Jan 29, 2019
Accepted (ET)
Jan 30, 2019 · 6:41 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 StockF1,F2 | Jan 29, 2019 | A | 9,987 | $0.00 | A | 9,987 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $7.51 | Jan 29, 2019 | A | 22,228 | A | — | Jan 29, 2029 | Common Stock | 22,228 | 22,228 | D |
Explanation of responses
- F1In connection with Ms. Benton's appointment to the board of directors (the "Board") of Leaf Group Ltd. (the "Company") and pursuant to the Company's Outside Director Compensation Program, Ms. Benton was granted 9,987 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Ms. Benton's continued service on the Board through the applicable vesting date, one-third (1/3) of these RSUs will vest on January 29, 2020 and the remaining RSUs will vest in eight (8) substantially equal installments on each three-month anniversary of the first vesting date.
- F2Includes 9,987 unvested RSUs.
- F3In connection with Ms. Benton's appointment to the Board and pursuant to the Company's Outside Director Compensation Program, Ms. Benton was granted a non-qualified stock option covering 22,228 shares of the Company's common stock. Subject to Ms. Benton's continued service on the Board through the applicable vesting date, one-third (1/3) of the shares subject to this stock option will vest and become exercisable on January 29, 2020 and the remaining two-thirds of the shares subject to this stock option will vest in twenty-four (24) substantially equal installments on each monthly anniversary of the first vesting date.