SEC Form 4 · accession 0001628280-16-022226
LIFELOCK, INC. · LOCK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas C Jeffries
Officer — CFO and CAO
Period of report
Dec 27, 2016
Accepted (ET)
Dec 28, 2016 · 5:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001383871
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | Dec 27, 2016 | M | 32,000 | $11.64 | A | 143,351 | D | |
| COMMON STOCKF1 | Dec 27, 2016 | F | 20,908 | $23.91 | D | 122,443 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EMPLOYEE STOCK OPTION (RIGHT TO BUY)F2 | $11.64 | Dec 27, 2016 | A | 32,000 | A | — | Mar 22, 2026 | COMMON STOCK | 32,000 | 39,596 | D |
Explanation of responses
- F1Represents shares withheld by the registrant to satisfy the applicable exercise price and tax withholding obligations upon the net exercise of the option, based on the fair market value of a share of the registrant's common stock at the time of exercise, as determined under the LifeLock 2012 Incentive Compensation Plan.
- F2This option is subject to an early exercise provision with respect to 32,000 shares subject to the option. The option was early exercised as to 32,000 of the underlying shares on December 27, 2016. Early exercised shares are deemed restricted stock and are subject to a repurchase option in favor of the registrant if the shares remain unvested upon termination of the reporting person's service to the registrant or its subsidiaries. The repurchase right for 25% of the total number of shares underlying this option will vest on March 22, 2017. The remaining shares underlying this option will vest at a rate of 1/48 of the total number of shares underlying this option on the twenty-second of each month thereafter for a period of 36 months.