SEC Form 4 · accession 0001373715-15-000205
ServiceNow, Inc. · NOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Schneider
Officer — Chief Revenue Officer
Period of report
Aug 7, 2015
Accepted (ET)
Aug 11, 2015 · 5:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001373715
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 7, 2015 | M | 6,250 | $0.00 | A | 55,340 | D | |
| Common StockF2 | Aug 10, 2015 | S | 3,266 | $76.868 | D | 52,074 | D | |
| Common Stock | holding | — | — | — | 190 | I | By Schneider 2001 Living Trust |
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 | — | Aug 7, 2015 | M | 6,250 | D | — | — | Common Stock | 6,250 | 43,750 | D |
Explanation of responses
- F1Includes 55 shares acquired under the Issuer's Employee Stock Purchase Plan on July 31, 2015.
- F2Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs. This sale is mandated by the Company's equity incentive plan which requires the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- F3Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4The restricted stock units vest quarterly in eight equal installments beginning August 7, 2015. Shares of the Issuer's common stock will be delivered to the reporting person upon vesting.