SEC Form 4 · accession 0001209191-18-031179
Apptio Inc · APTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Morrow
Officer — See Remarks
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 6:59 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 StockF1 | May 15, 2018 | M | 8,075 | $14.04 | A | 39,425 | D | |
| Class A Common StockF3 | May 15, 2018 | S | 8,075 | $30.00 | D | 31,350 | D | |
| Class A Common StockF5,F6 | May 15, 2018 | S | 1,938 | $30.194 | D | 29,412 | D | |
| Class A Common StockF7,F8,F9 | May 16, 2018 | A | 22,500 | $0.00 | A | 51,912 | 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)F10 | $14.04 | May 15, 2018 | M | 8,075 | D | — | May 12, 2027 | Class A Common Stock | 8,075 | 24,225 | D |
Explanation of responses
- F1Includes 31,350 RSUs that represent contingent rights to receive 31,350 shares of the Issuer's Class A Common Stock upon settlement and 8,075 shares of Class A Common Stock.
- F101/4th of the shares subject to the option became vested and exercisable on May 15, 2018 and 1/16th of the remaining shares vest quarterly thereafter over the following three years, subject to the Reporting Person's continued service through each vesting date.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 21, 2018.
- F3Includes 31,350 RSUs that represent contingent rights to receive 31,350 shares of the Issuer's Class A Common Stock upon settlement.
- F4Shares sold to pay withholding taxes due in connection with the vesting of certain restricted stock units on May 15, 2018, as required by the terms of the 2016 Equity Incentive Plan and related agreements.
- F5The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.15 to $30.32. 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.
- F6Includes 29,412 RSUs that represent contingent rights to receive 29,412 shares of the Issuer's Class A Common Stock upon settlement.
- F7Each share is represented by a restricted stock unit (RSU) that represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- F81/4th of the RSUs will vest on May 16, 2019 and 1/16th of the remaining RSUs vest quarterly thereafter over the following three years, subject to the Reporting Person's continued service through each vesting date.
- F9Includes 51,912 RSUs that represent contingent rights to receive 51,912 shares of the Issuer's Class A Common Stock upon settlement.
Remarks
Executive Vice President, Corporate Development, General Counsel and Secretary