SEC Form 4 · accession 0000899243-18-006212
CarGurus, Inc. · CARG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarah Amory Welch
Officer — Sr. VP, Consumer Marketing
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 6:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001494259
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Feb 28, 2018 | A | 20,000 | $0.00 | A | 20,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continuous service as an employee of the Issuer, 6.25% of the RSUs will vest on April 1, 2018 and 6.25% of the RSUs will vest on the last day of each three-month period thereafter until January 1, 2022. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).