SEC Form 4 · accession 0001562180-17-003566
BRIGHT HORIZONS FAMILY SOLUTIONS INC. · BFAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Lissy
Officer — Chief Executive Officer · Director
Period of report
Nov 13, 2017
Accepted (ET)
Nov 15, 2017 · 4:01 pm EST
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 | Nov 13, 2017 | M | 75,000 | $22.00 | A | 554,758 | D | |
| Common Stock | Nov 13, 2017 | F | 45,362 | $86.73 | D | 509,396 | D | |
| Common StockF2 | Nov 14, 2017 | S | 79,112 | $87.26 | D | 430,284 | 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 StockF3 | $22.00 | Nov 13, 2017 | M | 75,000 | D | — | Jan 25, 2020 | Common Stock | 75,000 | 25,000 | D |
Explanation of responses
- F1Shares withheld to pay the exercise price of the options and the payment of taxes.
- F2Shares sold by the reporting person were part of an underwritten secondary offering of 4,000,000 shares of the Issuer's common stock which closed on November 14, 2017.
- F3The time and performance criteria have been met with respect to this award and the option is fully vested.