SEC Form 4 · accession 0000899243-18-006229
CarGurus, Inc. · CARG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Langley Steinert
Officer — CEO, President and Chairman · Director · 10% Owner
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 6:35 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 | 58,333 | $0.00 | A | 9,109,534 | D | |
| Class A Common StockF2 | holding | — | — | — | 1,042,768 | I | See Footnote |
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).
- F2These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which Langley Steinert's children are the beneficiaries. Langley Steinert may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.