SEC Form 4 · accession 0001365038-16-000056
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean P Moriarty
Officer — Chief Executive Officer · Director
Period of report
Jan 5, 2016
Accepted (ET)
Jan 7, 2016 · 7:41 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 Stock, $.0001 par valueF1,F2 | Jan 5, 2016 | A | 500,000 | $0.00 | A | 593,694 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Moriarty was granted 500,000 restricted stock units ("RSUs") on January 5, 2016. Subject to Mr. Moriarty's continued employment through the applicable vesting dates, the RSUs vest over three years according to the following schedule: (i) 150,000 vest on January 5, 2017, (ii) 200,000 vest in 12 substantially equal monthly installments commencing on February 5, 2017 through January 5, 2018 and (iii) 150,000 vest in 12 substantially equal monthly installments commencing on February 5, 2018 through January 5, 2019.
- F2Includes 500,000 unvested RSUs.