SEC Form 4 · accession 0001497570-16-000003
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rachel C Glaser
Officer — Chief Financial Officer
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 6:35 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 26, 2016 | A | 50,000 | $0.00 | A | 125,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 26, 2016 Ms. Glaser was granted 50,000 restricted stock units ("RSUs") in connection with her continued employment with Demand Media, Inc. ("DMD"). Each RSU represents the right to receive one share of DMD common stock upon vesting. Subject to Ms. Glaser's continued employment through each applicable vesting date, (i) one-third of the RSUs will vest on March 1, 2017 and (ii) the remaining two-thirds of the RSUs will vest in 8 substantially equal installments on each 3-month anniversary thereafter.
- F2Includes 125,000 unvested RSUs.