SEC Form 4 · accession 0001209191-15-044713
MAGNITE, INC. · MGNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian W Copple
Officer — General Counsel and Secretary
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 9:05 pm EDT
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 StockF2 | May 15, 2015 | S | 6,100 | $17.25 | D | 43,900 | D | |
| Common StockF3,F4 | May 19, 2015 | A | 51,100 | $0.00 | A | 95,000 | 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)F5 | $16.75 | May 19, 2015 | A | 19,500 | A | — | May 19, 2025 | Common Stock | 19,500 | 19,500 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan in order to cover the reporting person's tax liability incurred upon the vesting of the reporting person's restricted shares.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.04 to $17.60, inclusive. The reporting person undertakes to provide to 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 footnote (2) to this Form 4.
- F3Represents shares of restricted stock that vest as follows: (a) 15,969 shares on May 15, 2016; (b) 6,388 shares on each November 15 and May 15 thereafter until November 15, 2018; and (c) 3,191 shares on May 15, 2019.
- F4Granted as compensation for services.
- F525% of the stock options will vest on February 1, 2016 and the remaining option shares will become exercisable in 36 equal installments each calendar month thereafter.