SEC Form 4 · accession 0001209191-18-038700
EVERBRIDGE, INC. · EVBG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W Hughes
Officer — President
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 8:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437352
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 15, 2018 | M | 25,000 | — | A | 37,323 | D | |
| Common StockF2 | Jun 15, 2018 | F | 10,882 | $51.99 | D | 26,441 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Stock UnitF3 | $0.00 | Jun 15, 2018 | M | 25,000 | D | — | Jul 1, 2027 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Represents shares of Common Stock withheld by the Company to satisfy tax withholding obligations in connection with the net issuance of shares of Common Stock delivered to the Reporting Person on June 15, 2018, from the vesting of performance-based stock units. Shares withheld by the Company to satisfy tax withholding obligations (and the net issuance) are based on the closing price of the Company's Common Stock on June 15, 2018.
- F3On August 1, 2017, the reporting person was granted performance-based restricted stock units (PSUs). The PSUs vested as to 50% of the total shares on June 15, 2018.