SEC Form 4 · accession 0001441683-19-000036
APPIAN CORP · APPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Steven Lynch
Officer — Chief Financial Officer
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 4:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001441683
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2,F3 | Feb 12, 2019 | C | 10,000 | — | A | 16,950 | D | |
| Class A Common StockF2,F3 | Feb 12, 2019 | C | 5,000 | — | A | 21,950 | D | |
| Class A Common StockF5 | Feb 12, 2019 | S | 8,063 | $36.08 | D | 6,937 | D | |
| Class A Common StockF6 | Feb 12, 2019 | S | 6,937 | $37.01 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F7 | $3.67 | Feb 12, 2019 | M | 10,000 | D | — | Jun 3, 2024 | Class B Common Stock | 10,000 | 10,000 | D |
| Class B Common StockF2,F3 | — | Feb 12, 2019 | M | 10,000 | A | — | — | Class A Common Stock | 10,000 | 10,000 | D |
| Class B Common StockF2,F3 | — | Feb 12, 2019 | C | 10,000 | D | — | — | Class A Common Stock | 10,000 | 0 | D |
| Employee Stock Option (Right to Buy)F8 | $9.46 | Feb 12, 2019 | M | 5,000 | D | — | Jul 20, 2026 | Class B Common Stock | 5,000 | 145,000 | D |
| Class B Common StockF2,F3 | — | Feb 12, 2019 | M | 5,000 | A | — | — | Class A Common Stock | 5,000 | 5,000 | D |
| Class B Common StockF2,F3 | — | Feb 12, 2019 | C | 5,000 | D | — | — | Class A Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1Pursuant to the terms of the Class B Common Stock, the Reporting Person converted shares of Class B Common Stock into shares of Class A Common Stock.
- F2Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon (1) any transfer, whether or not for value and whether voluntary or involuntary or by operation of law, except for certain transfers described in the Issuer's certificate of incorporation, including, without limitation, certain transfers for tax and estate planning purposes or (continued to Footnote (3))
- F3(continued from Footnote (2)) (2) the death or disability, as defined in the Issuer's certificate of incorporation, of the applicable Class B common stockholder (or nine months after the date of death or disability if the stockholder is one of the Issuer's founders). In addition, on the first trading day following the date on which the outstanding shares of Class B Common Stock represent less than 10% of the aggregate voting power of the Issuer's then outstanding capital stock, all outstanding shares of Class B Common Stock shall convert automatically into Class A Common Stock, and no additional shares of Class B Common Stock will be issued.
- F4The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 9, 2018.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.54 to $36.45, inclusive. The Reporting Person undertakes to provide to Appian Corporation, any security holder of Appian Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote (5).
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.59 to $37.39, inclusive. The Reporting Person undertakes to provide to Appian Corporation, any security holder of Appian Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4).
- F7This option vested in five equal installments commencing on June 3, 2015 and on each of the next four anniversaries thereof, subject to the Reporting Person's continued service to the Issuer through each vesting date.
- F8This option vested in five equal annual installments commencing on July 20, 2017 and on each of the next four anniversaries thereof, subject to the Reporting Person's continued service to the Issuer through each vesting date.