SEC Form 4 · accession 0000899243-18-010187
Performant Financial Corp · PFMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Haughton
Officer — See Remarks
Period of report
Apr 12, 2018
Accepted (ET)
Apr 16, 2018 · 3:52 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, par value $0.0001 per share | Apr 12, 2018 | M | 20,567 | $3.01 | A | 121,840 | D | |
| Common Stock, par value $0.0001 per shareF1 | Apr 12, 2018 | F | 7,113 | $3.01 | D | 114,727 | 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,F3 | — | Apr 12, 2018 | M | 20,567 | D | — | — | Common Stock | 20,567 | 41,134 | 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 the Reporting Person.
- F3Restricted Stock Unit award was granted on 04/12/16. 25% of the shares vested on April 12, 2017 and 25% of the shares vested on April 12, 2018, with 25% more vesting on each of the second and third anniversaries of the initial vest date, provided that the Reporting Person remains in continuous service through each vest date.
Remarks
President and Chief Operating Officer