SEC Form 4 · accession 0001560327-19-000036
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
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 4:25 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 STOCK | Feb 15, 2019 | M | 8,334 | $9.77 | A | 189,837 | D | |
| COMMON STOCK | Feb 15, 2019 | M | 7,500 | $12.98 | A | 197,337 | D | |
| COMMON STOCK | Feb 15, 2019 | M | 7,500 | $12.47 | A | 204,837 | D | |
| COMMON STOCKF2 | Feb 15, 2019 | S | 22,668 | $45.6187 | D | 182,169 | D | |
| COMMON STOCKF3 | Feb 15, 2019 | S | 666 | $46.5591 | D | 181,503 | D | |
| COMMON STOCK | Feb 15, 2019 | F | 3,762 | $45.94 | D | 177,741 | 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)F5 | $9.77 | Feb 15, 2019 | M | 8,334 | D | — | Feb 4, 2025 | COMMON STOCK | 8,334 | 0 | D |
| Employee Stock Option (Right to Buy)F6 | $12.98 | Feb 15, 2019 | M | 7,500 | D | — | Feb 2, 2026 | COMMON STOCK | 7,500 | 15,000 | D |
| Employee Stock Option (Right to Buy)F7 | $12.47 | Feb 15, 2019 | M | 7,500 | D | — | Jan 31, 2027 | COMMON STOCK | 7,500 | 30,000 | 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 September 11, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.13 to $46.12, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.49 to $46.72, 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.
- F4Represents 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.
- F5Immediately exercisable.
- F6The 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.
- F7The 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.