SEC Form 4 · accession 0001365038-15-000034
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Pike
Officer — CTO & COO
Period of report
May 21, 2015
Accepted (ET)
May 26, 2015 · 5:09 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, par value $0.0001F1,F2 | May 21, 2015 | A | 25,000 | $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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $5.29 | May 21, 2015 | A | 75,000 | A | — | May 21, 2025 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1In connection with being appointed Chief Operating Officer of the Company, Mr. Pike was granted 25,000 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Pike's continued employment through the applicable vesting date, these RSUs shall vest in four (4) equal installments of 6,250 RSUs commencing on May 15, 2016 and on each annual anniversary of such date through and including May 15, 2019.
- F2Includes 75,000 unvested RSUs.
- F3In connection with being appointed Chief Operating Officer of the Company, Mr. Pike was granted 75,000 non-qualified stock options. Subject to Mr. Pike's continued employment through the applicable vesting date, 18,750 of the shares subject to this stock option will vest and become exercisable on May 21, 2016 and an additional 1/48th of the shares subject to this stock option will vest and become exercisable on each monthly anniversary of May 21, 2016 thereafter through and including May 21, 2019.