SEC Form 4 · accession 0001410384-16-000186
Q2 Holdings, Inc. · QTWO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen C Soukup
Officer — SVP, Sales
Period of report
Feb 22, 2016
Accepted (ET)
Feb 25, 2016 · 9:42 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410384
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 22, 2016 | M | 6,781 | $7.82 | A | 30,709 | D | |
| Common Stock | Feb 22, 2016 | M | 3,219 | $7.48 | A | 33,928 | D | |
| Common StockF2 | Feb 22, 2016 | S | 10,000 | $20.01 | D | 23,928 | D | |
| Common StockF4 | Feb 23, 2016 | S | 1,123 | $19.74 | D | 22,805 | D | |
| Common StockF5 | Feb 24, 2016 | S | 2,127 | $20.02 | D | 20,678 | D |
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)F6 | $7.82 | Feb 22, 2016 | M | 6,781 | D | Nov 21, 2014 | Nov 21, 2020 | Common Stock | 6,781 | 14,771 | D |
| Employee Stock Option (right to buy)F7 | $7.48 | Feb 22, 2016 | M | 3,219 | D | May 8, 2014 | May 8, 2020 | Common Stock | 3,219 | 24,698 | D |
Explanation of responses
- F1Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.08 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.55 to $19.89 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.19 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6This option grant vested as to 1/4 of the total option grant on November 21, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.
- F7This option grant vested as to 1/4 of the total option grant on May 8, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.