SEC Form 4 · accession 0001127602-19-009015
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 27, 2019
Accepted (ET)
Feb 28, 2019 · 6:22 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 27, 2019 | M | 18,050 | $6.78 | A | 221,300 | D | |
| Class A Common StockF1 | Feb 27, 2019 | S | 18,050 | $23.8371 | 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)F3 | $6.78 | Feb 27, 2019 | M | 18,050 | D | — | May 13, 2025 | Class A Common Stock | 18,050 | 130,000 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $23.61 to $24.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2The stock option exercises reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3The 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.