SEC Form 4 · accession 0001453814-19-000004
Medidata Solutions, Inc. · MDSO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rouven Bergmann
Officer — Chief Financial Officer
Period of report
Feb 5, 2019
Accepted (ET)
Feb 7, 2019 · 4:24 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 StockF1,F2 | Feb 5, 2019 | M | 525 | $53.29 | A | 79,561 | D | |
| Common StockF1,F3 | Feb 5, 2019 | S | 525 | $75.00 | D | 79,036 | D | |
| Common StockF1 | Feb 5, 2019 | S | 2,512 | $75.00 | D | 76,524 | D | |
| Common StockF1 | Feb 6, 2019 | M | 9,475 | $53.29 | A | 85,999 | D | |
| Common StockF1 | Feb 6, 2019 | S | 9,475 | $75.00 | D | 76,524 | 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)F1,F4 | $53.29 | Feb 5, 2019 | M | 525 | D | — | May 13, 2025 | Common Stock | 525 | 17,118 | D |
| Stock Option (right to buy)F1,F4 | $53.29 | Feb 6, 2019 | M | 9,475 | D | — | May 13, 2025 | Common Stock | 9,475 | 7,643 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 26, 2018.
- F2Included are 174 shares which were purchased pursuant to the terms of the Medidata Solutions, Inc. Employee Stock Purchase Plan on December 31, 2018.
- F3Such transaction was executed in multiple trades at prices ranging from $75.00 to $75.01. 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.
- F4The options vested as to 25% of the shares on May 13, 2016 and 1/36th of the remaining options will become exercisable each month thereafter for the next 36 months.