SEC Form 4 · accession 0001371285-16-000139
TRUPANION, INC. · TRUP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Susen
Officer — Chief Technology Officer
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 6:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001371285
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 22, 2016 | M | 10,442 | $4.05 | A | 10,442 | D | |
| Common StockF1 | Feb 22, 2016 | S | 10,442 | $9.4636 | D | 0 | D | |
| Common Stock | Feb 22, 2016 | M | 3,343 | $4.80 | A | 3,343 | D | |
| Common Stock | Feb 22, 2016 | S | 3,343 | $9.25 | D | 0 | D | |
| Common Stock | Feb 23, 2016 | M | 6,994 | $4.05 | A | 6,994 | D | |
| Common StockF2 | Feb 23, 2016 | S | 6,994 | $8.8537 | D | 0 | D | |
| Common Stock | Feb 24, 2016 | M | 4,076 | $4.05 | A | 4,076 | D | |
| Common StockF3 | Feb 24, 2016 | S | 4,076 | $8.6692 | D | 0 | D | |
| Common Stock | Feb 24, 2016 | M | 7,897 | $4.80 | A | 7,897 | D | |
| Common StockF3 | Feb 24, 2016 | S | 7,897 | $8.6692 | D | 0 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | By wife |
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 | $4.05 | Feb 22, 2016 | M | 10,442 | D | — | Feb 4, 2023 | Common Stock | 10,442 | 17,737 | D |
| Stock Option (right to buy)F5 | $4.80 | Feb 22, 2016 | M | 3,343 | D | — | Nov 7, 2023 | Common Stock | 3,343 | 34,148 | D |
| Stock Option (right to buy)F4 | $4.05 | Feb 23, 2016 | M | 6,994 | D | — | Feb 4, 2023 | Common Stock | 6,994 | 10,743 | D |
| Stock Option (right to buy)F4 | $4.05 | Feb 24, 2016 | M | 4,076 | D | — | Feb 4, 2023 | Common Stock | 4,076 | 6,667 | D |
| Stock Option (right to buy)F5 | $4.80 | Feb 24, 2016 | M | 7,897 | D | — | Nov 7, 2023 | Common Stock | 7,897 | 26,251 | D |
Explanation of responses
- F1The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.4500 to $9.5300 per share, 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 in this footnote.
- F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.7500 to $9.0900 per share, 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 in this footnote.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.6500 to $8.7500 per share, 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 in this footnote.
- F4The option vested as to 25% of the total shares on October 1, 2013, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on October 1, 2016, subject to the individual's provision of service to the issuer on each vesting date.
- F5The option vests as to 25% of the total shares on November 8, 2014, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on November 8, 2017, subject to the reporting person's provision of service to the issuer on each vesting date.