SEC Form 4 · accession 0000899243-15-003515
Performant Financial Corp · PFMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harold Leach Jr.
Officer — Chief Operating Officer
Period of report
Aug 14, 2015
Accepted (ET)
Aug 18, 2015 · 9:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001550695
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 14, 2015 | M | 13,250 | $0.00 | A | 13,250 | D | |
| Common StockF1 | Aug 14, 2015 | F | 5,254 | $2.97 | D | 7,996 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $2.97 | Aug 14, 2015 | M | 13,250 | D | — | — | Common Stock | 13,250 | 39,750 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due on vesting of Restricted Stock Units.
- F2Restricted Stock Unit Award granted on August 13, 2014 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date. The remaining units will vest on August 13, 2016 as to 13,250 shares, on August 13, 2017 as to 13,250 shares, and August 13, 2018 as to the remaining 13,250 shares.