SEC Form 4 · accession 0001595833-18-000003

LEAF GROUP LTD. · LEAF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jul 25, 2018

Accepted (ET)

Jul 26, 2018 · 4:48 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^F1,F2	Jul 25, 2018	A	6,522	$0.00	A	6,522	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to buy)^F3	$11.50	Jul 25, 2018	A	14,468	A	—	Jul 25, 2028	Common Stock	14,468	14,468	D

F1In connection with Ms. Carmichael's appointment to the Company's board of directors (the "Board") and pursuant to the Company's Outside Director Compensation Program, Ms. Carmichael was granted 6,522 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Ms. Carmichael's continued service on the Board through the applicable vesting date, approximately one-third (1/3) of these RSUs will vest on July 25, 2019 and the remaining RSUs will vest in eight (8) substantially equal installments on each three-month anniversary of the grant date.
F2Includes 6,522 unvested restricted stock units.
F3In connection with Ms. Carmichael's appointment to the Board on July 25, 2018 and pursuant to the Company's Outside Director Compensation Program, Ms. Carmichael was granted a non-qualified stock option covering 14,468 shares of the Company's common stock. Subject to Ms. Carmichael's continued service on the Board through the applicable vesting date, approximately one-third (1/3) of the shares subject to this stock option will vest and become exercisable on July 25, 2019 and an additional 1/36th of the shares subject to this stock option will vest and become exercisable on each monthly anniversary of the grant date.