SEC Form 4 · accession 0001179110-18-006324
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
May 2, 2018
Accepted (ET)
May 4, 2018 · 5:08 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 | May 2, 2018 | M | 120,000 | $14.00 | A | 535,000 | D | |
| Common Stock | May 2, 2018 | S | 120,000 | $66.8306 | 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)F3 | $14.00 | May 2, 2018 | M | 120,000 | A | — | Jul 30, 2024 | Common Stock | 120,000 | 0 | D |
| Stock Option (right to buy)F2 | $41.28 | holding | — | — | — | — | Mar 27, 2027 | Common Stock | 69,639 | 69,639 | D |
| Stock Option (right to buy)F4 | $61.72 | holding | — | — | — | — | Mar 27, 2028 | Common Stock | 47,859 | 47,859 | D |
Explanation of responses
- F1The option exercises and subsequent sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2017.
- F2The 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.
- 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.