SEC Form 4 · accession 0000899243-16-025312
Rapid7, Inc. · RPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Evan Brown
Director
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001560327
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 15, 2016 | A | 15,552 | $0.00 | A | 15,552 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F4 | $12.86 | Jul 15, 2016 | A | 32,679 | A | — | Jul 15, 2026 | Common Stock | 32,679 | 32,679 | D |
Explanation of responses
- F1This security represents restricted stock units granted under the Issuer's 2015 Equity Incentive Plan, as amended, as an initial one-time grant to the Reporting Person in connection with his appointment to the Issuer's Board of Directors. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- F2This restricted stock unit grant vests in three substantially equal annual installments beginning on July 15, 2017, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
- F3This option was granted under the Issuer's 2015 Equity Incentive Plan, as amended, as an initial one-time grant to the Reporting Person in connection with his appointment to the Issuer's Board of Directors.
- F4This option vests in three substantially equal annual installments beginning on July 15, 2017, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.