SEC Form 4 · accession 0001365038-15-000047
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wendy Voong
Officer — Chief Accounting Officer
Period of report
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 7:36 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 | Aug 4, 2015 | A | 20,000 | $0.00 | A | 20,000 | 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 | $5.70 | Aug 4, 2015 | A | 20,000 | A | — | Aug 4, 2025 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1In connection with Ms. Voong's appointment as the Company's CAO, Ms. Voong was granted 20,000 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Ms. Voong's continued employment through the vesting date, one-quarter (1/4) of these RSU's will vest on August 15, 2016 and the remaining RSU's will vest in twelve (12) substantially equal installments on each three-month anniversary thereafter.
- F2Includes 20,000 unvested RSUs.
- F3In connection with Ms. Voong's appointment as the Company's CAO, Ms. Voong was granted 20,000 non-qualified stock options. Subject to Ms. Voong's continued employment through the applicable vesting date, approximately one-quarter (1/4) of the shares subject to this stock option will vest and become exercisable on August 3, 2016 and an additional 1/48th of the shares subject to the stock option will vest and become exercisable on each monthly anniversary of August 3, 2016 thereafter through and including August 3, 2019.