SEC Form 4 · accession 0000899243-18-013023
Performant Financial Corp · PFMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harold Leach Jr.
Officer — Chief Compliance Officer
Period of report
May 11, 2018
Accepted (ET)
May 15, 2018 · 8:55 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 | May 11, 2018 | M | 15,000 | $0.00 | A | 399,563 | D | |
| Common Stock, par value $0.0001 per shareF1 | May 11, 2018 | F | 5,188 | $2.91 | D | 394,375 | 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 | — | May 11, 2018 | M | 15,000 | D | — | — | Common Stock | 15,000 | 45,000 | 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 04/06/17. 25% of the shares vested on May 11, 2018, with 25% more vesting on the first day of the next open trading window immediately following each of the second, third and fourth anniversaries of the grant date, provided that the Reporting Person remains in continuous service through each vest date.