SEC Form 4 · accession 0001420811-17-000080
On Deck Capital, Inc. · ONDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hartwig
Director
Period of report
May 10, 2017
Accepted (ET)
May 11, 2017 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420811
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 10, 2017 | A | 22,557 | $0.00 | A | 48,084 | D | |
| Common StockF2 | holding | — | — | — | 5,686,354 | I | See footnote |
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 | $3.99 | May 10, 2017 | A | 37,736 | A | — | May 9, 2027 | Common Stock | 37,736 | 37,736 | D |
Explanation of responses
- F1The reported shares are represented by restricted stock units which vest in full on the earlier of the date of the Issuer's next annual meeting of stockholders or May 10, 2018.
- F2The reported shares are held of record by Sapphire Ventures Fund I, L.P. ("Sapphire Ventures LP"). Sapphire Ventures (GPE) I, L.L.C. ("Sapphire GP") is the general partner of Sapphire Ventures LP. The Reporting Person is a managing member of Sapphire GP and may be deemed to have an indirect pecuniary interest in such shares through his interest in the Sapphire GP. His exact pecuniary interest therein is not readily determinable because it is subject to several variables, including without limitation, the rates of return of Sapphire Ventures LP overall with respect to its indirect investment in the Issuer. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
- F3Shares subject to the option vest in full on the earlier of the date of the Issuer's next annual meeting of stockholders or May 10, 2018.