SEC Form 4 · accession 0001127602-19-008741
Pivotal Software, Inc. · PVTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Onsi Fakhouri
Officer — SVP, Cloud R&D
Period of report
Feb 26, 2019
Accepted (ET)
Feb 27, 2019 · 5:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574135
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Feb 26, 2019 | M | 6,750 | $5.06 | A | 210,000 | D | |
| Class A Common Stock | Feb 26, 2019 | M | 5,000 | $6.26 | A | 215,000 | D | |
| Class A Common Stock | Feb 26, 2019 | M | 1,950 | $6.78 | A | 216,950 | D | |
| Class A Common Stock | Feb 26, 2019 | S | 13,700 | $22.49 | D | 203,250 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $5.06 | Feb 26, 2019 | M | 6,750 | D | — | Jun 28, 2023 | Class A Common Stock | 6,750 | 0 | D |
| Stock Options (Right to Buy)F3 | $6.26 | Feb 26, 2019 | M | 5,000 | D | — | Oct 30, 2024 | Class A Common Stock | 5,000 | 0 | D |
| Stock Options (Right to Buy)F4 | $6.78 | Feb 26, 2019 | M | 1,950 | D | — | May 13, 2025 | Class A Common Stock | 1,950 | 148,050 | D |
Explanation of responses
- F1The stock option exercises reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2The stock options were granted on June 28, 2013 and are fully vested. The original grant was for 10,000 options, of which 3,250 have been exercised.
- F3The stock options were granted on October 30, 2014 and vest over a four-year period, with 25% of the options vesting on the first anniversary of the grant date and the remaining options vesting in equal monthly installments thereafter.
- F4The stock options were granted on May 13, 2015 and vest over a four-year period, with 25% of the options vesting on the first anniversary of the grant date and the remaining options vesting in equal monthly installments thereafter.