SEC Form 4 · accession 0001453814-17-000124
Medidata Solutions, Inc. · MDSO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael I. Otner
Officer — EVP-General Counsel
Period of report
Nov 2, 2017
Accepted (ET)
Nov 6, 2017 · 5:30 pm EST
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 | Nov 2, 2017 | M | 2,255 | $13.985 | A | 80,674 | D | |
| Common StockF1,F2 | Nov 2, 2017 | S | 10,000 | $70.88 | D | 70,845 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $13.985 | Nov 2, 2017 | M | 2,255 | D | — | May 16, 2022 | Common Stock | 2,255 | 0 | D |
Explanation of responses
- F1Such transaction was executed in multiple trades at prices ranging from $70.50 to $71.20. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2Included are 171 shares which were purchased pursuant to the terms of the Medidata Solutions, Inc. Employee Stock Purchase Plan on June 30, 2017.
- F3These options are fully vested and exercisable.