SEC Form 4 · accession 0001209191-15-083294
Constant Contact, Inc. · CTCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen Brezniak
Officer — SVP, Customer Operations
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 5:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001405277
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 1, 2015 | M | 5,000 | $2.68 | A | 17,219 | D | |
| Common Stock | Dec 1, 2015 | S | 5,000 | $31.3201 | D | 12,219 | D | |
| Common StockF2 | Dec 2, 2015 | M | 1,370 | — | A | 13,589 | 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)F3 | $2.68 | Dec 1, 2015 | M | 5,000 | D | — | Sep 20, 2016 | Common Stock | 5,000 | 5,391 | D |
| Restricted Stock UnitsF5,F2,F4 | — | Dec 2, 2015 | F | 1,123 | D | — | — | Common Stock | 1,123 | 8,849 | D |
| Restricted Stock UnitsF6,F2,F4 | — | Dec 2, 2015 | M | 1,370 | D | — | — | Common Stock | 1,370 | 7,479 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 15, 2015.
- F2Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F325% of the shares subject to this option vested on September 27, 2007, and an additional 6.25% of the remaining shares subject to this option vested quarterly thereafter, such that 100% of the share subject to the option became fully vested on September 27, 2010.
- F425% of the restricted stock units vested on December 2, 2015, and an additional 6.25% of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be fully vested on December 2, 2018. Vested shares will be delivered to the reporting person within three business days after such shares become vested.
- F5The shares of common stock underlying the restricted stock units reported as disposed herein were retained (but not issued) by the issuer in satisfaction of tax withholding obligations associated with the vesting of such units.
- F6The restricted stock units reported as disposed herein were settled for shares of the issuer's common stock.