SEC Form 4 · accession 0001410384-16-000188
Q2 Holdings, Inc. · QTWO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Furrer
Officer — SVP, Product
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 4:16 pm 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 23, 2016 | M | 5,000 | $7.48 | A | 34,800 | D | |
| Common StockF2 | Feb 23, 2016 | S | 7,750 | $19.74 | D | 27,050 | 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 | $7.48 | Feb 23, 2016 | M | 5,000 | D | Feb 1, 2014 | May 8, 2020 | Common Stock | 5,000 | 26,000 | D |
Explanation of responses
- F1Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.
- F2The 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.
- F3This option grant vested as to 1/4 of the total option grant on February 1, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.