SEC Form 4 · accession 0001410384-18-000073
Q2 Holdings, Inc. · QTWO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl James Schaper
Director
Period of report
Jun 13, 2018
Accepted (ET)
Jun 15, 2018 · 5:45 pm EDT
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 | Jun 13, 2018 | M | 18,580 | $7.82 | A | 39,867 | D | |
| Common Stock | Jun 13, 2018 | M | 433 | $13.00 | A | 40,300 | D | |
| Common StockF1 | Jun 13, 2018 | A | 2,362 | $0.00 | A | 42,662 | D | |
| Common StockF3,F4 | Jun 13, 2018 | S | 20,000 | $61.34 | D | 22,662 | 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)F5 | $7.82 | Jun 13, 2018 | M | 18,580 | D | Nov 21, 2014 | Nov 21, 2020 | Common Stock | 18,580 | 0 | D |
| Stock Option (right to buy)F6 | $13.00 | Jun 13, 2018 | M | 433 | D | Apr 19, 2014 | Mar 19, 2024 | Common Stock | 433 | 9,182 | D |
Explanation of responses
- F1Shares of stock acquired represent shares underlying Restricted Stock Units. The Restricted Stock Units vest in equal quarterly installments over one year beginning September 9, 2018.
- F2Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.
- 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 $60.90 to $62.20 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.
- F5This 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.
- F6The option grant vested and became exercisable in equal monthly installments over 36 months beginning on April 19, 2014.