SEC Form 4 · accession 0001214659-16-012362
Bankrate, Inc. · RATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter C Morse
Director
Period of report
Mar 31, 2016
Accepted (ET)
Jun 22, 2016 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001518222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 31, 2016 | J | 66,636 | $0.00 | A | 2,715,194 | D | |
| Common Stock | May 18, 2016 | J | 510,097 | $0.00 | A | 3,225,291 | D | |
| Common StockF3 | Jun 21, 2016 | A | 27,165 | $0.00 | A | 3,252,456 | D | |
| Common Stock | Mar 31, 2016 | J | 66,636 | $0.00 | D | 0 | I | 2014 GRAT |
| Common Stock | May 18, 2016 | J | 510,097 | $0.00 | D | 239,903 | I | 2015 GRAT #1 |
| Common Stock | holding | — | — | — | 800,000 | I | 2015 GRAT #2 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects the distribution of 66,636 shares as an annuity payment from the 2014 grantor retained annuity trust ("GRAT") to the reporting person.
- F2Reflects the distribution of 510,097 shares as an annuity payment from the 2015 GRAT #1 to the reporting person.
- F3Grant of 27,165 restricted stock units ("RSUs") pursuant to the Bankrate, Inc. 2015 Equity Compensation Plan, exempt under Rule 16b-3. The RSUs will vest on the first anniversary of the date of grant, subject to continued service through such anniversary and also to full or partial acceleration of vesting in the event of certain terminations of service or the occurrence of a change in control.