SEC Form 4 · accession 0001365038-15-000039
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Guber
Director
Period of report
Jun 11, 2015
Accepted (ET)
Jun 12, 2015 · 4:22 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, $0.0001 par valueF1,F2 | Jun 11, 2015 | A | 6,229 | $0.00 | A | 13,014 | D | |
| Common Stock, $0.0001 par valueF3 | holding | — | — | — | 23,810 | I | See Footnote |
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)F4 | $6.02 | Jun 11, 2015 | A | 12,314 | A | — | Jun 11, 2025 | Common Stock | 12,314 | 12,314 | D |
Explanation of responses
- F1Pursuant to the Company's Outside Director Compensation Program, as updated in May 2015, Mr. Guber was granted 6,229 restricted stock units ("RSUs") after the conclusion of the Company's 2015 annual meeting of stockholders. Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Guber's continued service on the Company's board of directors (the "Board") through the applicable vesting date, these RSUs will vest in twelve (12) substantially equal installments on each three-month anniversary of the grant date.
- F2Includes 9,245 unvested RSUs.
- F3These securities are directly held by the Guber Family Trust and indirectly held by Mr. Guber as co-trustee of the Guber Family Trust with his wife. Mr. Guber disclaims any beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
- F4Pursuant to the Company's Outside Director Compensation Program, as updated in May 2015, Mr. Guber was granted a non-qualified stock option award covering 12,314 shares of the Company's common stock after the conclusion of the Company's 2015 annual meeting of stockholders. Subject to Mr. Guber's continued service on the Board through the applicable vesting date, these stock options will vest in thirty-six (36) substantially equal installments on each monthly anniversary of the grant date.