SEC Form 4 · accession 0001628280-16-022230
LIFELOCK, INC. · LOCK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hilary Schneider
Officer — CEO & PRESIDENT · Director
Period of report
Dec 23, 2016
Accepted (ET)
Dec 28, 2016 · 5:33 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 23, 2016 | M | 305,000 | $9.00 | A | 828,156 | D | |
| COMMON STOCKF1 | Dec 23, 2016 | F | 214,095 | $23.89 | D | 614,061 | D | |
| COMMON STOCKF2 | Dec 23, 2016 | F | 9,841 | $23.87 | D | 604,220 | D | |
| COMMON STOCKF3 | Dec 27, 2016 | F | 1,087 | $23.91 | D | 603,133 | 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)F4 | $9.00 | Dec 23, 2016 | M | 305,000 | A | — | Oct 2, 2022 | COMMON STOCK | 305,000 | 70,000 | 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, Inc. 2012 Incentive Compensation Plan.
- F2Represents shares of common stock withheld by the Registrant to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- F3Represents shares of common stock surrendered to the Registrant to satisfy tax withholding obligations associated with the vesting of restricted stock.
- F4Option was granted on October 2, 2012. 25% if the total number of shares vested on September 14, 2013. The remaining shares underlying this option vested at the rate of 1/48th of the total number of shares of the fourteenth day of each month thereafter for a period of 36 months and was fully vested on September 14, 2016.