SEC Form 4 · accession 0001140361-15-030241
HEALTHEQUITY, INC. · HQY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Kessler
Officer — President and CEO · Director
Period of report
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 6:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001428336
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Aug 4, 2015 | M | 24,279 | $0.10 | A | 449,279 | D | |
| Common Stock | Aug 4, 2015 | S | 24,279 | $33.46 | D | 425,000 | D | |
| Common Stock | Aug 4, 2015 | G | 25,000 | $0.00 | D | 400,000 | D | |
| Common StockF2 | Aug 5, 2015 | M | 20,721 | $0.10 | A | 420,721 | D | |
| Common Stock | Aug 5, 2015 | S | 20,721 | $33.97 | D | 400,000 | 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)F2,F3 | $0.10 | Aug 4, 2015 | M | 24,279 | D | — | Jul 1, 2019 | Common Stock | 24,279 | 250,721 | D |
| Stock Option (right to buy)F2,F3 | $0.10 | Aug 5, 2015 | M | 20,721 | D | — | Jul 1, 2019 | Common Stock | 20,721 | 230,000 | D |
Explanation of responses
- F1The option exercise and subsequent sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2015.
- F2As previously reported in the reporting person's Form 3, the option grant had a $1.10 exercise price upon issuance. The $1.10 exercise price was automatically adjusted to $0.10 on August 4, 2014 as a result of the occurrence of an event specified in the terms of the option grant at the time of its issuance.
- F3The option is immediately exercisable.