SEC Form 4 · accession 0001123292-18-000490
SecureWorks Corp · SCWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Cote
Officer — President & CEO · Director
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 8:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001468666
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 1, 2018 | D | 15,595 | $0.00 | D | 606,552 | D | |
| Class A Common StockF2 | Mar 2, 2018 | A | 280,000 | $0.00 | A | 886,552 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects unvested shares of performance-based restricted stock granted on March 7, 2017 forfeited to SecureWorks Corp. on March 1, 2018.
- F2Represents a grant of 140,000 time-based and 140,000 performance-based restricted shares. The time-based restricted shares vest in three equal installments on the first, second and third anniversaries of the grant date, contingent on the reporting person's continued service on each vesting date. The performance-based restricted shares vest, in whole or in part, only to the extent that SecureWorks Corp. achieves certain performance measures for its fiscal year ending February 1, 2019. The performance-based restricted shares, if any, earned by the reporting person will vest in three equal installments on each of (i) the date on which achievement, if any, of the performance measures is certified, or, if later, the first anniversary of the grant date, (ii) the second anniversary of the grant date and (iii) the third anniversary of the grant date, contingent on the reporting person's continued service on each vesting date.
Remarks
Remarks: Exhibit 24 - Power of Attorney.