SEC Form 4 · accession 0000899243-18-006771
Performant Financial Corp · PFMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simeon Kohl
Officer — Vice President of Healthcare
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 9:40 pm EST
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, par value $0.0001 per share | Mar 5, 2018 | M | 5,750 | $2.65 | A | 25,496 | D | |
| Common Stock, par value $0.0001 per shareF1 | Mar 5, 2018 | F | 2,351 | $2.65 | D | 23,145 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2,F3 | — | Mar 5, 2018 | M | 5,750 | D | — | — | Common Stock | 5,750 | 0 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due on vesting of Performance Stock Units.
- F2Each performance stock unit represents a contingent right to receive one share of PFMT's common stock. The units were awarded at no cost to the Reporting Person.
- F3Performance Stock Unit award was granted on 03/17/15. The performance stock award vested as to 50% of the covered shares on March 5, 2016, as to 25% of the covered shares on March 5, 2017, and as to 25% of the covered shares on March 5, 2018.