SEC Form 4 · accession 0000899243-16-027356
Performant Financial Corp · PFMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hakan Orvell
Officer — Chief Financial Officer
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 9:43 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 12, 2016 | M | 12,875 | $0.00 | A | 40,986 | D | |
| Common StockF1 | Aug 12, 2016 | F | 4,839 | $0.00 | D | 36,147 | 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 | $2.06 | Aug 12, 2016 | M | 12,875 | A | — | — | Common Stock | 12,875 | 25,750 | 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, provided that the Reporting Person remains in continuous service through each vest date. Vesting dates that fall on a date that is not a business day are deemed to vest on the last business day prior to the vesting date.