SEC Form 4 · accession 0001214659-17-002100
Coupa Software Inc · COUP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Bernshteyn
Officer — Chief Executive Officer · Director
Period of report
Mar 16, 2017
Accepted (ET)
Mar 20, 2017 · 6:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001385867
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 16, 2017 | A | 77,646 | A | — | — | Common Stock | 77,646 | 77,646 | D |
| Stock Options (right to buy)F3 | $23.70 | Mar 16, 2017 | A | 158,462 | A | — | Mar 15, 2027 | Common Stock | 158,462 | 158,462 | D |
Explanation of responses
- F1Each Restricted Stock Unit converts into common stock on a one-for-one basis.
- F2These RSUs vest quarterly over a four year period, with the first quarterly vesting to occur on June 20, 2017. Vested shares will be delivered to the reporting person upon vest date. Unless otherwise provided, on each vest date shares of common stock will automatically be sold to satisfy the reporting person's tax withholding obligations in a non-discretionary transaction.
- F3This Non-Qualified Stock Option is subject to a four-year vesting schedule, 1/48 of the total number of shares vests on April 20, 2017 and the remaining vests monthly thereafter.