SEC Form 4 · accession 0001378017-16-000012
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Mitchell Stern
Director
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 5:36 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 | Feb 10, 2016 | A | 16,704 | $0.00 | A | 16,704 | 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 | $4.49 | Feb 10, 2016 | A | 33,524 | A | — | Feb 10, 2026 | Common Stock | 33,524 | 33,524 | D |
Explanation of responses
- F1In connection with Mr. Stern's appointment to the Company's board of directors (the "Board") on February 10, 2016, and pursuant to the Company's Outside Director Compensation Program, as updated in February 2016, Mr. Stern was granted 16,704 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Stern's continued service on the Board through the applicable vesting date, 4,176 of these RSU's will vest on February 10, 2017 and the remaining 12,528 RSUs will vest in eight (8) substantially equal installments on each three month anniversary of February 10, 2017 thereafter.
- F2Includes 16,704 unvested RSUs.
- F3In connection with Mr. Stern's appointment to the Board on February 10, 2016, and pursuant to the Company's Outside Director Compensation Program, as updated in February 2016, Mr. Stern was granted a nonqualified stock option covering 33,524 shares of the Company's common stock. Subject to Mr. Stern's continued service on the Board through the applicable vesting date, approximately one-third (1/3) of the shares subject to this stock option shall vest and become exercisable on February 10, 2017, and an additional 1/36th of the shares subject to the stock option shall vest and become exercisable on each monthly anniversary of February 10, 2017.