SEC Form 4 · accession 0001366340-17-000003
FINJAN HOLDINGS, INC. · FNJN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Hartstein
Officer — President & CEO
Period of report
Jan 3, 2017
Accepted (ET)
Jan 4, 2017 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001366340
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 3, 2017 | M | 12,500 | $0.00 | A | 66,500 | D | |
| Common StockF1,F2 | Jan 3, 2017 | S | 5,000 | $1.2606 | D | 61,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | $0.00 | Jan 3, 2017 | M | 12,500 | A | — | — | Common Stock | 12,500 | 100,000 | D |
Explanation of responses
- F1Represents shares of common stock sold pursuant to a 10b5-1 trading plan entered into as of August 25, 2015 to satisfy the reporting person's tax obligations upon vesting of 12,500 restricted stock units ("RSUs")
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $1.21 to $1.30 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3Each RSU granted to the reporting person represents the contingent right to receive one share of common stock of Finjan Holdings, Inc. or its equivalent cash value, subject to the terms and conditions of the Finjan Holdings, Inc. 2014 Incentive Compensation Plan
- F4A total of 200,000 RSUs were granted on January 14, 2015. The RSUs vested one-fourth on January 1, 2016 and an additional 6.25% of the RSUs vest every three calendar months following such date. The RSUs will be settled upon vesting.