SEC Form 4 · accession 0001491778-17-000109
Angie's List, Inc. · ANGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott A Durchslag
Officer — President & CEO · Director
Period of report
May 26, 2017
Accepted (ET)
May 31, 2017 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001491778
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 26, 2017 | M | 9,839 | $0.00 | A | 319,881 | D | |
| Common StockF2 | May 26, 2017 | F | 4,620 | $11.83 | D | 315,261 | D |
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)F3,F4,F5 | $0.00 | May 26, 2017 | M | 9,839 | D | — | — | Common Stock | 9,839 | 108,231 | D |
Explanation of responses
- F1Reflects the gross number of shares of the Issuer's common stock, before tax, that were to be acquired upon settlement of the corresponding RSUs listed in Table II. Actual shares were issued net of shares withheld by the Issuer on behalf of the reporting person for tax purposes.
- F2Represents the number of shares of the Issuer's common stock withheld by the Issuer on behalf of the reporting person to be applied toward the tax obligation created by the vesting of the corresponding RSUs listed in Table II. This withholding was completed pursuant to an election of the "withhold to cover" option set forth under the Amended and Restated Omnibus Incentive Plan for such purposes.
- F3Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement, and there is no exercise price associated with the RSUs.
- F4On February 26, 2016, Mr. Durchslag was granted 157,426 RSUs, one-fourth of which vested on the first anniversary of the date of grant, and the remaining three-fourths are vesting in equal installments on a quarterly basis over a three-year period thereafter.
- F5There is no expiration date with respect to the RSUs granted. Units will either vest or be forfeited.