SEC Form 4 · accession 0001497570-17-000011
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
May 15, 2017
Accepted (ET)
May 17, 2017 · 5:42 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 | May 15, 2017 | M | 403 | $6.50 | A | 167,227 | D | |
| Common Stock, $.0001 par valueF1 | May 15, 2017 | S | 403 | $8.30 | D | 166,824 | D | |
| Common Stock, $.0001 par valueF2,F3 | May 15, 2017 | F | 2,349 | $8.30 | D | 164,475 | 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)F4 | $6.50 | May 15, 2017 | M | 403 | D | — | May 4, 2025 | Common Stock | 403 | 199,597 | D |
Explanation of responses
- F1Includes 129,585 unvested RSUs.
- F2Upon the vesting of 6,250 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 2,349 shares to cover the reporting person's tax obligation with respect to the vesting of such RSUs.
- F3Includes 123,335 unvested restricted stock units.
- F4In connection with Ms. Glaser's appointment as the Company's CFO, Ms. Glaser was granted 200,000 non-qualified stock options. Subject to Ms. Glaser's continued employment through the applicable vesting date, approximately one-third (1/3) of the shares subject to the stock option shall vest and become exercisable on April 13, 2016, and an additional 1/36th of the shares subject to the stock option shall vest and become exercisable on each monthly anniversary of April 13, 2016 thereafter through and including April 13, 2018.