SEC Form 4 · accession 0001365038-15-000024
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rachel C Glaser
Officer — Chief Financial Officer
Period of report
May 4, 2015
Accepted (ET)
May 6, 2015 · 8:43 pm EDT
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 | May 4, 2015 | A | 75,000 | $0.00 | A | 75,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, $.0001 par valueF3 | $6.50 | May 4, 2015 | A | 200,000 | A | — | May 4, 2025 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1In connection with Ms. Glaser's appointment as the Company's CFO, Ms. Glaser was granted 75,000 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of DMD common stock upon vesting. Subject to Ms. Glaser's continued employment through the vesting date, 25,000 RSUs shall vest on May 15, 2016 and the remaining 50,000 RSUs shall vest in eight (8) substantially equal installments on each three-month anniversary thereafter.
- F2Includes 75,000 unvested RSUs.
- F3In connection with Ms. Glaser's appointment as the Company's CFO, Ms. Glaser was granted 200,000 non-qualified stock options. Subject to Ms. Glaser's continued employment through the applicable vesting date, approximately one-third (1/3) of the shares subject to the stock option shall vest and become exercisable on April 13, 2016, and an additional 1/36th of the shares subject to the stock option shall vest and become exercisable on each monthly anniversary of April 13, 2016 thereafter through and including April 13, 2018.