SEC Form 4 · accession 0001209191-17-033363
Jive Software, Inc. · JIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Zingale
Director · Other
Period of report
May 15, 2017
Accepted (ET)
May 17, 2017 · 6:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001462633
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 15, 2017 | M | 547,361 | $1.75 | A | 599,380 | D | |
| Common StockF2 | May 15, 2017 | S | 377,667 | $5.303 | D | 221,713 | D | |
| Common StockF3 | holding | — | — | — | 110,000 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 34 | I | See footnote | |
| Common StockF5 | holding | — | — | — | 2,000 | I | See footnote |
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,F6 | $1.75 | May 15, 2017 | M | 547,361 | D | — | Jun 2, 2017 | Common Stock | 547,361 | 0 | D |
Explanation of responses
- F1This was a "sell to cover" transaction to cover tax withholding obligations and does not represent a discretionary trade by the Reporting Person.
- F2This is the weighted average sale price of the shares sold, which ranged from $5.30 to $5.325 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F3Shares held by The Anthony Zingale CRUT UA DTD 12/16/2012, for which the Reporting Person serves as the trustee and beneficiary.
- F4Shares held by The Anthony Zingale Living Trust, for which the Reporting Person serves as the trustee and beneficiary.
- F5Shares held by The Sam Maxwell Zingale Trust U/A DTD 12-11-00, for which the Reporting Person serves as a co-trustee.
- F6The shares underlying the option were fully vested and exercisable.
- F7Reflects the transfer of options pursuant to the terms of a marital settlement agreement.