SEC Form 4 · accession 0001595974-16-000020
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
May 25, 2016
Accepted (ET)
May 26, 2016 · 7:35 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 Stock | holding | — | — | — | 441,327 | 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)F1 | $7.80 | holding | — | — | — | — | Feb 1, 2023 | Common Stock | 111,302 | 111,302 | D |
| Stock Option (right to buy)F2 | $16.75 | holding | — | — | — | — | May 19, 2025 | Common Stock | 59,864 | 59,864 | D |
| Stock Option (right to buy)F3 | $13.16 | holding | — | — | — | — | Feb 1, 2026 | Common Stock | 56,286 | 56,286 | D |
Explanation of responses
- F1The 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 until cessation of continuous service.
- F225% 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 until cessation of continuous service.
- F325% of the stock options will vest on February 1, 2017 and the remaining option shares will become exercisable in 36 equal installments each calendar month thereafter until cessation of continuous service.
Remarks
The reporting person resigned as The Rubicon Project, Inc.'s Chief Financial Officer and Chief Operating Officer effective May 25, 2016. As a result, the reporting person is no longer subject to Section 16 in connection with his transactions in the equity securities of The Rubicon Project, Inc. and therefore will no longer report any such transactions on Form 4 or Form 5.