SEC Form 4 · accession 0001179110-18-004914
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
Mar 23, 2018
Accepted (ET)
Mar 29, 2018 · 4:26 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 Stock | Mar 23, 2018 | G | 30,000 | $0.00 | D | 415,000 | 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 | $14.00 | Mar 27, 2018 | A | 120,000 | A | — | Jul 30, 2024 | Common Stock | 120,000 | 120,000 | D |
| Stock Option (right to buy)F4 | $61.72 | Mar 27, 2018 | A | 47,859 | A | — | Mar 27, 2028 | Common Stock | 47,859 | 47,859 | D |
| Stock Option (right to buy)F1 | $41.28 | holding | — | — | — | — | Mar 27, 2027 | Common Stock | 69,639 | 69,639 | D |
Explanation of responses
- F1The option became exercisable as to 17,409 shares on March 27, 2018. The remaining options will become exercisable in three annual installments of 17,410 shares on March 27, 2019, 2020 and 2021.
- F2On June 30, 2014, the reporting person was granted an option to purchase 400,000 shares of common stock. The option vests in annual installments based on the issuer's satisfaction of certain performance criteria for each of the fiscal years ending January 31, 2016 (10%), 2017 (20%), 2018 (30%) and 2019 (40%). The performance criteria for 2018 were met, resulting in the vesting of the option as to 120,000 shares.
- F3The option is immediately exercisable.
- F4The option becomes exercisable in three equal installments of 11,965 shares on March 27, 2019, 2020, and 2021. The option becomes exercisable as to the remaining 11,964 shares on March 27, 2022.