SEC Form 4 · accession 0001441280-18-000008
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
Mar 2, 2018
Accepted (ET)
Mar 7, 2018 · 5:53 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 | Mar 2, 2018 | A | 200,000 | $0.00 | A | 767,646 | D | |
| Common Stock, $.0001 par valueF3,F4 | Mar 5, 2018 | F | 4,323 | $7.80 | D | 763,323 | D | |
| Common Stock, $.0001 par valueF5,F6,F4 | Mar 6, 2018 | S | 2,593 | $7.97 | D | 760,730 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Moriarty was granted 200,000 restricted stock units ("RSUs") in connection with his continued employment with Leaf Group Ltd. ("LFGR"). Each RSU represents the right to receive one share of LFGR common stock upon vesting. Subject to Mr. Moriarty's continued employment through the vesting date, one-third (1/3) of the RSUs will vest on March 1, 2019, and the remaining two-thirds (2/3) of the RSUs will vest in 24 substantially equal installments on each monthly anniversary thereafter.
- F2Includes 520,841 unvested RSUs.
- F3Upon the vesting of 12,500 RSUs previously granted to the reporting person, the Company withheld 4,323 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs.
- F4Includes 508,341 unvested RSUs.
- F5These sales were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person in order to cover certain additional withholding taxes due in connection with the vesting of certain RSUs.
- F6These shares were sold in multiple transactions at prices ranging from $7.875 to $8.05 per share. The price reported in Column 4 is the weighted average sales price. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price included in the weighted average sales price to the Company, any security holder of the Company or the staff of the SEC upon request.