SEC Form 4 · accession 0001140361-16-057012
MARIN SOFTWARE INC · MRIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Kim
Officer — EVP, General Counsel
Period of report
Mar 7, 2016
Accepted (ET)
Mar 8, 2016 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001389002
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $3.31 | Mar 7, 2016 | A | 61,000 | A | — | Mar 6, 2026 | Common Stock | 61,000 | 61,000 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Mar 7, 2016 | A | 61,000 | A | — | — | Common Stock | 61,000 | 61,000 | D |
Explanation of responses
- F125% of the shares subject to the grant vest and become exercisable on March 7, 2017, then 2.0833% of the shares subject to the grant vest and become exercisable each month thereafter, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F3The RSUs vest over 4 years in equal annual installments beginning on March 7, 2017, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.