SEC Form 4 · accession 0001688992-16-000005
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer Schulz
Director
Period of report
Nov 3, 2016
Accepted (ET)
Nov 7, 2016 · 7:22 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 | Nov 3, 2016 | A | 13,761 | $0.00 | A | 18,761 | 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 | $5.45 | Nov 3, 2016 | A | 27,523 | A | — | Nov 3, 2026 | Common Stock | 27,523 | 27,523 | D |
Explanation of responses
- F1In connection with Ms. Schulz's appointment to the Company's board of directors (the "Board") on November 3, 2016 and pursuant to the Company's Outside Director Compensation Program, Ms. Schulz was granted 13,761 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Ms. Schulz's continued service on the Board through the applicable vesting date, 4,587 of the RSUs will vest on November 3, 2017 and the remaining RSUs will vest in eight (8) substantially equal installments on each three-month anniversary of November 3, 2017 thereafter.
- F2Includes 13,761 unvested RSUs.
- F3In connection with Ms. Schulz's appointment to the Board on November 3, 2016 and pursuant to the Company's Outside Director Compensation Program, Ms. Schulz was granted a non-qualified stock option covering 27,523 shares of the Company's common stock. Subject to Ms. Schulz'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 November 3, 2017, and an additional 1/36th of the shares subject to this stock option will vest and become exercisable on each monthly anniversary of November 3, 2017.