SEC Form 4 · accession 0001550695-19-000014
Performant Financial Corp · PFMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Johnston
Officer — See Remarks
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 9:37 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 | Mar 7, 2019 | M | 11,250 | $0.00 | A | 78,667 | D | |
| Common Stock, par value $0.0001 per shareF1 | Mar 7, 2019 | F | 4,599 | $2.10 | D | 74,068 | 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 | — | Mar 7, 2019 | M | 11,250 | D | — | — | Common Stock | 11,250 | 11,250 | 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 was granted on 02/22/16. 25% of the shares vested on March 7, 2017, 25% of the shares vested on March 7, 2018, and 25% of the shares vested on March 7, 2019 with 25% more vesting on the third anniversary of the initial vest date, provided that the Reporting Person remains in continuous service through each vest date.
Remarks
Vice President and Chief Accounting Officer