SEC Form 4 · accession 0000899243-17-010324
Performant Financial Corp · PFMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Haughton
Officer — Chief Operating Officer
Period of report
Apr 12, 2017
Accepted (ET)
Apr 14, 2017 · 8:13 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 | Apr 12, 2017 | M | 20,569 | $0.00 | A | 76,797 | D | |
| Common StockF1 | Apr 12, 2017 | F | 7,569 | $2.29 | D | 69,228 | 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 UnitsF3,F2 | — | holding | — | — | — | — | — | Common Stock | 61,701 | 61,701 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due on vesting of Restricted Stock Units.
- F2Each restricted stock unit represents a contingent right to receive one share of PFMT's common stock. The units were awarded at no cost to Reporting Person.
- F3Restricted Stock Unit Award granted on April 12, 2016. The grant vested with respect to 25% of the awarded stock units on April 12, 2017 and 25% of the grant will vest on April 12, 2018, 25% of the grant will vest on April 12, 2019 and 25% of the grant will vest on April 12, 2020, provided that the Reporting Person remains in continuous service through each vest date.