SEC Form 4 · accession 0001127602-16-057376
Happen, Inc. · HAPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sameer Gulati
Officer — Chief Operations Officer
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 7:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001409970
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 30, 2016 | J | 551 | $4.2932 | D | 976,112 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 27, 2016, the shares were sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person. However, the broker inadvertently sold an extra 551 shares. The sale of the 551 shares was reversed by the broker on June 30, 2016 by effecting an off-setting trade at the same price as the original transaction.