SEC Form 4 · accession 0001392972-16-000178
PROS Holdings, Inc. · PRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stefan B Schulz
Officer — EVP and CFO
Period of report
Sep 9, 2016
Accepted (ET)
Sep 9, 2016 · 6:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001392972
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1,F2 | — | Sep 9, 2016 | A | 60,000 | A | — | — | Common | 60,000 | 60,000 | D |
Explanation of responses
- F1Each performance restricted stock unit represents a contingent right to receive one share of Common Stock.
- F2This performance restricted stock unit award is eligible to vest if the average trailing closing price per share of the Company's Common Stock meets certain minimum performance hurdles for at least 105 calendar days prior to September 9, 2020, with 25% vesting at $27, an additional 25% vesting at $33, and the remaining 50% vesting at $41. The number of shares reflected is at the maximum award amount.