SEC Form 4 · accession 0001209191-18-024781
BOX INC · BOX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Levie
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Apr 10, 2018
Accepted (ET)
Apr 12, 2018 · 8:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001372612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Apr 10, 2018 | G | 2,300 | $0.00 | D | 32,700 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Employee Stock Option (right to buy)F1 | $20.28 | Apr 10, 2018 | A | 400,000 | A | — | Apr 10, 2028 | Class A Common Stock | 400,000 | 400,000 | D |
Explanation of responses
- F11/4 of the shares subject to the option vest on March 20, 2019, and 1/48 of the shares vest monthly thereafter, subject to both (a) continued service to Box through each applicable vesting date, and (b) the closing stock price of the Company's Class A stock must have closed at or above $28 for 30 consecutive trading days prior to April 11, 2022. If the performance condition in clause (b) is not met prior to April 11, 2022, then no options will vest and all will be forfeited. The performance condition in clause (b) need only be met one time prior to April 11, 2022 in order for it to be satisfied. If the performance condition is achieved, the options will expire on the 10th anniversary of the grant date.