SEC Form 4 · accession 0001104659-15-068609
Sizmek Inc. · SZMK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth J Saunders
Officer — Chief Financial Officer
Period of report
Sep 30, 2015
Accepted (ET)
Oct 1, 2015 · 1:40 pm EDT
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 | Sep 30, 2015 | M | 2,634 | — | A | 10,788 | 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 UnitsF2,F3 | — | Sep 30, 2015 | M | 2,634 | D | — | — | Common Stock | 2,634 | 104,066 | D |
Explanation of responses
- F1Shares issued upon vesting of Restricted Stock Units (RSUs) granted to the Reporting Person on October 7, 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 second of three (3) vesting installments of RSUs granted to the Reporting Person on October 7, 2014. The remaining 2,635 RSUs from such grant shall vest on September 30, 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.