SEC Form 4 · accession 0001209191-16-138540
MINDBODY, Inc. · MB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kunal Mittal
Officer — Chief Technology Officer
Period of report
Aug 22, 2016
Accepted (ET)
Aug 24, 2016 · 6:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001458962
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3 | Aug 22, 2016 | A | 9,000 | $0.00 | A | 23,163 | 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)F4 | $16.98 | Aug 22, 2016 | A | 20,300 | A | — | Aug 22, 2026 | Class A Common Stock | 20,300 | 20,300 | D |
Explanation of responses
- F1The reported securities represent an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2015 Equity Incentive Plan) through each applicable vesting date, the RSUs subject to the award will vest as follows: one-fourth (1/4th) of the RSUs will vest on August 21, 2017, and one-fourth (1/4th) of the RSUs will vest on each successive August 20 thereafter (or, if the 20th day of the month is not a market trading day, then the vesting date will be the first trading day following the 20th day of the month).
- F2Includes 1,210 shares acquired under the MINDBODY, Inc. 2015 Employee Stock Purchase Plan on August 22, 2016.
- F3Includes 12,953 RSUs, where each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- F4One-fourth (1/4th) of the shares subject to the option will vest on August 22, 2017, and one forty-eighth (1/48th) of the total shares subject to the option will vest monthly thereafter, subject to the Reporting Person continuing to be a Service Provider through each applicable vesting date.