SEC Form 4 · accession 0000899243-16-015723
MAGNITE, INC. · MGNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd L Tappin
Officer — CFO & COO
Period of report
Mar 8, 2016
Accepted (ET)
Mar 10, 2016 · 7:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001595974
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 8, 2016 | M | 167,732 | $7.80 | A | 634,093 | D | |
| Common StockF1 | Mar 8, 2016 | S | 167,732 | $17.05 | D | 466,361 | D | |
| Common Stock | Mar 9, 2016 | M | 32,268 | $7.80 | A | 498,629 | D | |
| Common StockF2 | Mar 9, 2016 | S | 32,268 | $17.24 | D | 466,361 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4,F3 | $7.80 | Mar 8, 2016 | M | 167,732 | D | — | Feb 1, 2023 | Common stock | 167,762 | 406,130 | D |
| Stock Option (right to buy)F4,F3 | $7.80 | Mar 9, 2016 | M | 32,268 | D | — | Feb 1, 2023 | Common stock | 32,268 | 373,862 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.00 to $17.74, inclusive. The reporting person undertakes to provide The Rubicon Project, Inc., any security holder of The Rubicon Project, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.11 to $17.37, inclusive.
- F3The option, representing a right to purchase a total of 593,650 shares, became exercisable with respect to 25% of the grant on January 28, 2014 and becomes exercisable with respect to the remainder in 36 equal installments each calendar month thereafter.
- F4Granted as compensation for services.