SEC Form 4 · accession 0000899243-18-012812
Apptio Inc · APTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Blasko
Officer — Chief Revenue Officer
Period of report
May 10, 2018
Accepted (ET)
May 14, 2018 · 9:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001419625
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2 | May 10, 2018 | C | 29,000 | $0.00 | A | 88,981 | D | |
| Class A Common StockF4,F5 | May 10, 2018 | S | 29,000 | $32.4791 | D | 59,981 | D | |
| Class A Common StockF2 | May 11, 2018 | M | 29,000 | $0.72 | A | 88,981 | D | |
| Class A Common StockF6,F7 | May 11, 2018 | S | 28,600 | $30.2481 | D | 60,381 | D | |
| Class A Common StockF5 | May 11, 2018 | S | 400 | $30.76 | D | 59,981 | 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)F8 | $0.72 | May 10, 2018 | M | 29,000 | D | — | Sep 16, 2019 | Class B Common Stock | 29,000 | 29,000 | D |
| Class B Common StockF9 | $0.00 | May 10, 2018 | M | 29,000 | A | — | — | Class A Common Stock | 29,000 | 29,000 | D |
| Class B Common StockF9 | $0.00 | May 10, 2018 | C | 29,000 | D | — | — | Class A Common Stock | 29,000 | 0 | D |
| Stock Option (right to buy)F8 | $0.72 | May 10, 2018 | J | 29,000 | D | — | Sep 16, 2019 | Class B Common Stock | 29,000 | 0 | D |
| Stock Option (right to buy)F8 | $0.72 | May 10, 2018 | J | 29,000 | A | — | Sep 16, 2019 | Class A Common Stock | 29,000 | 29,000 | D |
| Stock Option (right to buy)F11 | $6.03 | May 10, 2018 | J | 30,000 | D | — | Nov 7, 2022 | Class B Common Stock | 30,000 | 0 | D |
| Stock Option (right to buy)F11 | $6.03 | May 10, 2018 | J | 30,000 | A | — | Nov 7, 2022 | Class A Common Stock | 30,000 | 30,000 | D |
| Stock Option (right to buy)F12 | $8.95 | May 10, 2018 | J | 90,000 | D | — | Jun 14, 2023 | Class B Common Stock | 90,000 | 0 | D |
| Stock Option (right to buy)F12 | $8.95 | May 10, 2018 | J | 90,000 | A | — | Jun 14, 2023 | Class A Common Stock | 90,000 | 90,000 | D |
| Stock Option (right to buy)F13 | $11.46 | May 10, 2018 | J | 25,000 | D | — | Jun 17, 2024 | Class B Common Stock | 25,000 | 0 | D |
| Stock Option (right to buy)F13 | $11.46 | May 10, 2018 | J | 25,000 | A | — | Jun 17, 2024 | Class A Common Stock | 25,000 | 25,000 | D |
| Stock Option (right to buy)F14 | $13.55 | May 10, 2018 | J | 20,000 | D | — | Feb 19, 2025 | Class B Common Stock | 20,000 | 0 | D |
| Stock Option (right to buy)F14 | $13.55 | May 10, 2018 | J | 20,000 | A | — | Feb 19, 2025 | Class A Common Stock | 20,000 | 20,000 | D |
| Stock Option (right to buy)F15 | $14.31 | May 10, 2018 | J | 60,000 | D | — | Nov 5, 2025 | Class B Common Stock | 60,000 | 0 | D |
| Stock Option (right to buy)F15 | $14.31 | May 10, 2018 | J | 60,000 | A | — | Nov 5, 2025 | Class A Common Stock | 60,000 | 60,000 | D |
| Stock Option (right to buy)F8 | $0.72 | May 11, 2018 | M | 29,000 | D | — | Sep 16, 2019 | Class A Common Stock | 29,000 | 0 | D |
Explanation of responses
- F1Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the reporting person.
- F10The Company's Class B Common Stock automatically converted to Class A Common Stock on May 10, 2018, which is the date the Class B Common Stock ceased to represent at least 25% of the Issuer's outstanding common stock, as established in the Issuer's Amended and Restated Certificate of Incorporation. In connection with the conversion, outstanding options to purchase Class B Common Stock issued under the Issuer's 2011 Executive Equity Incentive Plan and 2007 Stock Plan remain unchanged, except that they now represent a right to buy shares of the Issuer's Class A Common Stock.
- F11The option became fully vested and exercisable on September 14, 2016.
- F12The option became fully vested and exercisable on May 29, 2017.
- F13The option became fully vested and exercisable on April 1, 2018.
- F141/4th of the shares subject to the option became vested and exercisable on April 1, 2016 and 1/48th of the shares subject to the option vest monthly thereafter.
- F151/8th of the shares subject to the option shall become vested and exercisable on May 1, 2017 and 1/96th of the shares subject to the option shall vest monthly thereafter for the next 36 months. 1/8th of the shares subject to the option shall become vested and exercisable on September 29, 2017 and 1/96th of the shares subject to the option shall vest monthly thereafter for the next 36 months.
- F2Includes 59,400 RSUs that represent contingent rights to receive 59,400 shares of the Issuer's Class A Common Stock upon settlement and 29,581 shares of Class A Common Stock.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2018.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.93 to $32.89. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 above.
- F5Includes 59,400 RSUs that represent contingent rights to receive 59,400 shares of the Issuer's Class A Common Stock upon settlement and 581 shares of Class A Common Stock.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.58 to $30.40. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 above.
- F7Includes 59,400 RSUs that represent contingent rights to receive 59,400 shares of the Issuer's Class A Common Stock upon settlement and 981 shares of Class A Common Stock.
- F8The option became fully vested and exercisable on September 14, 2013.
- F9Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a one-for-one basis and has no expiration date.