SEC Form 4 · accession 0001437578-15-000024
BRIGHT HORIZONS FAMILY SOLUTIONS INC. · BFAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danroy T Henry Sr.
Officer — Chief Human Resources Officer
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437578
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 6, 2015 | M | 7,000 | $14.54 | A | 7,000 | D | |
| Common Stock | Mar 6, 2015 | S | 7,000 | $50.08 | D | 0 | D | |
| Common Stock | Mar 9, 2015 | M | 7,000 | $14.54 | A | 7,000 | D | |
| Common Stock | Mar 9, 2015 | S | 7,000 | $51.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF2 | $14.54 | Mar 6, 2015 | M | 7,000 | D | — | May 2, 2022 | Common Stock | 7,000 | 56,350 | D |
| Option to Purchase Common StockF2 | $14.54 | Mar 9, 2015 | M | 7,000 | D | — | May 2, 2022 | Common Stock | 7,000 | 49,350 | D |
Explanation of responses
- F1These trades were made pursuant to a Rule 10b5-1 trading plan.
- F2On May 2, 2012 the reporting person was granted an option to purchase 31,675 shares of common stock. The option vests based upon time (40% on May 2, 2014 and thereafter, as to the remaining 60%, three equal annual installments beginning on May 2, 2015) and performance (change of control of the Issuer or an initial public offering of the Issuer's common stock) criteria. As a result of the consummation of the Issuer's initial public offering, the performance criteria was met with respect to all 31,675 shares of common stock subject to this option award, resulting in the option becoming eligible to vest as to 40% of the underlying shares on May 2, 2014 and thereafter, as to the remaining 60% of the underlying shares, in three equal annual installments beginning on May 2, 2015.