SEC Form 4 · accession 0001373715-16-000313
ServiceNow, Inc. · NOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederic B Luddy
Officer — CHIEF PRODUCT OFFICER · Director
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 7:09 pm EST
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 Stock | Feb 5, 2016 | M | 32,843 | $0.00 | A | 34,430 | D | |
| Common StockF2 | Feb 5, 2016 | F | 14,436 | $52.31 | D | 19,994 | D | |
| Common Stock | holding | — | — | — | 4,076,588 | I | by Frederic B. Luddy Family Trust | |
| Common Stock | holding | — | — | — | 20,000 | I | by Spouse | |
| Common Stock | holding | — | — | — | 26,000 | I | by Spouse's Trust | |
| Common Stock | holding | — | — | — | 695,000 | I | by Luddy Family Dynasty Trust LLC |
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 | — | Feb 5, 2016 | M | 32,843 | D | — | Nov 7, 2016 | Common Stock | 32,843 | 98,527 | D |
Explanation of responses
- F1Vesting of RSUs granted to the Reporting Person on February 7, 2014.
- F2Represents shares relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.
- F3Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4The restricted stock units were granted upon achievement of certain performance objectives pursuant to the performance-based restricted stock units granted February 7, 2014 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2014 until December 31, 2014, with vesting subject to approval of the performance calculation by the Issuer's Compensation Committee. This approval was obtained on January 27, 2015. As a result, 25% of the restricted stock units will vest on each of February 7, 2016, May 7, 2016, August 7, 2016 and November 7, 2016.