SEC Form 4 · accession 0001453814-16-000257
Medidata Solutions, Inc. · MDSO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Isaac Hirschfeld
Officer — Vice Chairman
Period of report
Jul 12, 2016
Accepted (ET)
Jul 13, 2016 · 5:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001453814
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 12, 2016 | M | 10,000 | $13.99 | A | 110,400 | D | |
| Common StockF1 | Jul 12, 2016 | S | 10,000 | $49.85 | D | 100,400 | 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 BuyF2 | $13.99 | Jul 12, 2016 | M | 10,000 | D | — | May 16, 2022 | Common Stock | 10,000 | 22,880 | D |
Explanation of responses
- F1Included are 284 shares which were purchased pursuant to the terms of the Medidata Solutions, Inc. Employee Stock Purchase Plan on June 30, 2016.
- F2These options vest in 48 equal monthly installments commencing one month after the grant date, subject to continued employment.