SEC Form 4 · accession 0000899243-18-010081
CarGurus, Inc. · CARG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel Zales
Officer — Chief Operating Officer
Period of report
Apr 10, 2018
Accepted (ET)
Apr 12, 2018 · 7:00 pm EDT
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 Stock | Apr 10, 2018 | M | 15,000 | $0.16 | A | 65,000 | D | |
| Class A Common StockF3 | Apr 10, 2018 | S | 15,000 | $38.29 | D | 50,000 | D | |
| Class A Common Stock | Apr 11, 2018 | M | 15,000 | $0.16 | A | 65,000 | D | |
| Class A Common StockF4 | Apr 11, 2018 | S | 15,000 | $34.90 | D | 50,000 | D | |
| Class A Common StockF5 | Apr 11, 2018 | F | 988 | $38.06 | D | 49,012 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F6 | $0.16 | Apr 10, 2018 | M | 15,000 | D | — | Dec 10, 2024 | Class A Common Stock | 15,000 | 242,782 | D |
| Employee Stock Option (Right to Buy)F6 | $0.16 | Apr 11, 2018 | M | 15,000 | D | — | Dec 10, 2024 | Class A Common Stock | 15,000 | 227,782 | D |
Explanation of responses
- F1The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.84 to $38.75 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.15 to $36.45 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
- F5Shares withheld for payment of tax liability upon vesting of restricted stock units.
- F616,566 shares of Class A common stock subject to the option will vest and become exercisable (or have vested and became exercisable, as applicable) on each of November 3, 2017, May 3, 2018, August 3, 2018, and November 3, 2018 and 16,568 shares of Class A common stock subject to the option vested and became exercisable on February 3, 2018.