SEC Form 4 · accession 0001491778-15-000050
Angie's List, Inc. · ANGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Seelye Oesterle
Officer — Chief Executive Officer · Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 4:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001491778
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSU)F1,F2,F3 | — | Feb 27, 2015 | A | 86,646 | A | — | — | Common Stock | 86,646 | 86,646 | D |
| Stock Option (right to buy)F4 | $6.74 | Feb 27, 2015 | A | 344,267 | A | — | Feb 27, 2025 | Common Stock | 344,267 | 344,267 | D |
| Performance Stock Option (right to buy)F5 | $6.74 | Feb 27, 2015 | A | 28,025 | A | — | Feb 27, 2025 | Common Stock | 28,025 | 28,025 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive 1 share of the issuer's common stock upon settlement.
- F2The restricted stock unit grant vests in four equal annual installments beginning on February 27, 2016.
- F3There is no expiration date with respect to the restricted stock units granted.
- F4The stock option grant vests in four equal annual installments beginning on February 27, 2016.
- F5If the Performance Goal for the Performance Period is met, then (i) 75% of the Performance Options will become vested and exercisable on February 27, 2018 and (ii) 25% of the Performance Options will become vested and exercisable on February 27, 2019. The "Performance Period" shall mean January 1, 2015 through December 31, 2017. The "Performance Goal" shall mean that the Company's stock price performance exceeds 80% of the performance of the Russell 2000 Index over the Performance Period, using the average adjusted closing stock price for the Company and the Russell 2000 Index for 90 calendar days prior to the beginning of the Performance Period and the last 90 calendar days of the Performance Period.