SEC Form 4 · accession 0001104659-15-016407
Sizmek Inc. · SZMK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Nguyen
Officer — President & CEO · Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 9:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 27, 2015 | M | 15,146 | — | A | 734,616 | D | |
| Common StockF1,F2 | Mar 2, 2015 | M | 12,415 | — | A | 747,031 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F2,F3 | — | Feb 27, 2015 | M | 15,146 | D | — | — | Common Stock | 15,146 | 74,490 | D |
| Restricted Stock UnitsF2,F4 | — | Mar 2, 2015 | M | 12,415 | D | — | — | Common Stock | 12,415 | 62,075 | D |
Explanation of responses
- F1Shares issued upon vesting of Restricted Stock Units (RSUs) granted to the Reporting Person on March 2, 2014.
- F2RSUs were granted to the Reporting Person pursuant to the issuer's 2014 Incentive Award Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock.
- F3This is the first of three (3) vesting installments of RSUs granted to the Reporting Person on March 2, 2014. The remaining 37,245 RSUs from such grant shall vest based on the achievement of certain corporate performance objectives during the three year period ending December 31, 2016, subject to the Reporting Person's continued service through the applicable vesting date, provided that the restricted stock units are subject to accelerated vesting under certain circumstances.
- F4This is the first of three (3) vesting installments of RSUs granted to the Reporting Person on March 2, 2014. The remaining 24,830 RSUs from such grant shall vest in two equal annual installments beginning March 2, 2016, subject to the Reporting Person's continued service with Sizmek through the applicable vesting date, provided that the restricted stock units are subject to accelerated vesting under certain circumstances.
- F53,477 RSUs previously granted were forfeited due to not achieving 100% of the issuer's target performance objectives for the period ended December 31, 2014.