SEC Form 4 · accession 0001393726-19-000030
TIPTREE INC. · TIPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Charles Rifkind
Officer — General Counsel and Secretary
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 1:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393726
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 26, 2019 | A | 17,416 | $0.00 | A | 86,852 | D | |
| Common StockF3 | Feb 28, 2019 | F | 5,152 | $6.32 | D | 81,700 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person was granted restricted stock units, which represent the right to receive shares of the Issuer's Common Stock, pursuant to the Issuer's Equity Plan. The restricted stock units will vest annually in three equal installments on each of February 15, 2020, 2021 and 2022 upon continuous employment from the grant date until such date, subject to certain terms contained in the Reporting Person's award agreement.
- F2Represents the total amount of shares withheld upon vesting of (1) the second installment of restricted stock units issued to the Reporting Person on February 22, 2017, and (2) the first installment of restricted stock units issued to the Reporting Person on February 26, 2018.
- F3Represents the closing stock price as of the transaction date.