SEC Form 4 · accession 0001209191-16-144586
GREEN DOT CORP · GDOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Konstantinos Sgoutas
Officer — Chief Revenue Officer
Period of report
Oct 1, 2016
Accepted (ET)
Oct 4, 2016 · 5:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001386278
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Oct 1, 2016 | F | 5,341 | $0.00 | D | 58,349 | D | |
| Class A Common Stock | Oct 3, 2016 | M | 30,288 | $0.00 | A | 88,637 | D | |
| Class A Common StockF4 | Oct 3, 2016 | S | 30,288 | $22.953 | D | 58,349 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy Class A Common Stock)F5 | $16.13 | Oct 3, 2016 | M | 20,833 | D | — | Apr 8, 2023 | Class A Common Stock | 20,833 | 4,167 | D |
| Stock Option (right to buy Class A Common Stock) | $20.01 | Oct 3, 2016 | M | 9,455 | D | Nov 12, 2013 | Nov 12, 2019 | Class A Common Stock | 9,455 | 0 | D |
Explanation of responses
- F1Represents shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs, based on a price of $23.06 per share, which represented the closing price of the issuer's Class A Common Stock on September 30, 2016, and does not represent a sale by the reporting person.
- F2Includes 1,547 shares acquired under the issuer's employee stock purchase plan on May 14, 2016.
- F3The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 31, 2016.
- F4The price in column 4 is the weighted average price. The shares were purchased in multiple transactions at prices ranging from $22.8 to $23.055. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, complete information regarding the number of shares purchased at each separate price within the range.
- F5Options vest as to 1/4 of the shares on April 8, 2014 and then 1/48th monthly thereafter, subject to the reporting person's provision of service to the issuer on each vesting date.