SEC Form 4 · accession 0001517650-16-000181
Interactive Intelligence Group, Inc. · ININ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald E Brown
Officer — Chairman, President and CEO · Director · 10% Owner
Period of report
Jun 24, 2016
Accepted (ET)
Jun 28, 2016 · 4:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001517650
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 24, 2016 | A | 66,000 | $61.65 | A | 3,327,269 | D | |
| Common StockF3 | holding | — | — | — | 180 | I | by 401(k) plan | |
| Common Stock | holding | — | — | — | 500,000 | I | By Grantor Retained Annuity Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the terms of the Stock Purchase Agreement, dated as of May 14, 2014 (the "Stock Purchase Agreement"), among Interactive Intelligence Group, Inc. (the "Company"), Dr. Donald E. Brown, Jeffrey Swartz and certain other sellers, the Company acquired all of the capital stock of OrgSpan, Inc. The Stock Purchase Agreement provided that, in exchange for his shares of OrgSpan stock, Dr. Brown has the right to receive an aggregate of 98,999 restricted shares of the Company's common stock, which shares vest and will be issued by the Company upon the achievement of certain performance-based conditionstied to the launch and sales of the Company's PureCloud platform. On June 30, 2015, Dr. Brown received 32,999 of those shares upon the launch of the Company's PureCloud Platform, and on June 24, 2016, Dr. Brown became entitled to receive the remaining 66,000 of those shares of the Company's common stock upon achieving certain levels of sales of the Company's PureCloud Platform.
- F2The aggregate number of restricted shares to be received by Dr. Brown was determined on the basis of the average of the closing prices of the Company's common stock for the 20 trading day period ended May 12, 2014, which was $61.65 per share.
- F3The number of shares reported as indirectly held by the reporting person in the Interactive Intelligence Group, Inc. 401(k) plan is based on a plan statement dated as of June 28, 2016.