SEC Form 4 · accession 0001560327-18-000112
Rapid7, Inc. · RPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee David Weiner
Officer — Chief Product Officer
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 4:12 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 STOCK | Aug 15, 2018 | M | 3,750 | $12.47 | A | 145,221 | D | |
| COMMON STOCK | Aug 15, 2018 | M | 17,500 | $12.98 | A | 162,721 | D | |
| COMMON STOCKF2 | Aug 15, 2018 | S | 21,250 | $32.1294 | D | 141,471 | D | |
| COMMON STOCKF3 | Aug 15, 2018 | F | 4,444 | $32.18 | D | 137,027 | D |
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 | Aug 15, 2018 | M | 3,750 | D | — | Jan 31, 2027 | COMMON STOCK | 3,750 | 37,500 | D |
| Employee Stock Option (Right to Buy)F5 | $12.98 | Aug 15, 2018 | M | 17,500 | D | — | Feb 2, 2026 | COMMON STOCK | 17,500 | 22,500 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.80 to $32.37, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3Represents shares withheld by the Issuer to satisfy Mr. Weiner's tax withholding obligation upon the vesting of restricted stock units previously granted to Mr. Weiner on February 2, 2016, January 31, 2017 and February 1, 2018.
- F4The shares underlying this option vest and become exercisable in 16 equal quarterly installments, with the first installment vesting on May 15, 2017, subject to the reporting person's continued service with the Issuer through each vesting date.
- F5The shares underlying this option vest and become exercisable in 16 equal quarterly installments, with the first installment vesting on May 15, 2016, subject to the reporting person's continued service with the Issuer through each vesting date.