SEC Form 4 · accession 0000899243-17-002592
Rapid7, Inc. · RPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Corey E. Thomas
Officer — President and CEO · Director
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 5:50 pm EST
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 | Jan 31, 2017 | A | 65,000 | $0.00 | A | 247,831 | D | |
| Common StockF3 | holding | — | — | — | 200,000 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $12.47 | Jan 31, 2017 | A | 134,000 | A | — | Jan 31, 2027 | Common Stock | 134,000 | 134,000 | D |
Explanation of responses
- F1This security represents restricted stock units. 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 sixteen equal quarterly installments, with the first installment vesting on May 15, 2017, subject to the Reporting Person's continued service with the Issuer.
- F3Represents shares held by the Corey E. Thomas Irrevocable Trust of 2016, which is administrated by an independent trustee, and is for the benefit of the Reporting Person's immediate and other family members. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F4This option vests and becomes exercisable in sixteen equal quarterly installments, with the first installment vesting on May 15, 2017, subject to the Reporting Person's continued service with the Issuer.