SEC Form 4 · accession 0001209191-17-009147
Intercontinental Exchange, Inc. · ICE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott A Hill
Officer — Chief Financial Officer
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001571949
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 7, 2017 | M | 15,000 | $16.03 | A | 202,410 | D | |
| Common StockF1,F2,F3 | Feb 7, 2017 | S | 28,675 | $60.00 | D | 173,735 | 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) HoldingF4,F5 | $16.03 | Feb 7, 2017 | M | 15,000 | D | — | Dec 16, 2018 | Common Stock | 15,000 | 19,730 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a pre-arranged trading plan established in accordance with Rule 10b5-1 of the Securities Act of 1934, as amended.
- F2On November 3, 2016, the common stock of Intercontinental Exchange, Inc. split 5-for-1 (the "Stock Split"), resulting in the reporting person's ownership of four additional shares of common stock for each share of common stock owned as of that date and four additional units of unvested performance based restricted stock ("PSU") for each PSU owned as of that date, as reflected in the totals listed on this Form 4.
- F3The common stock number referred in Table I is an aggregate number and represents 103,135 shares of common stock and 70,600 unvested performance based restricted stock units, for which the performance period has been satisfied. These performance based restricted stock units vest over a three year period, in which 33.33% of the performance based restricted stock units vest each year. The satisfaction of the performance target for the 2016 performance based restricted stock units and the one-time NYSE merger-related performance based restricted stock units, and the corresponding number of shares of common stock to be issued pursuant to these awards, will be determined in February 2017 and will be reported at the time of vesting.
- F4As a result of the Stock Split, the option exercise price and the number of options previously reported, were adjusted accordingly.
- F5These options are fully vested.