SEC Form 4 · accession 0001614436-15-000004
Virgin America Inc. · VA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A. MacLeod
Officer — Senior VP, Planning & Sales
Period of report
Nov 4, 2015
Accepted (ET)
Nov 5, 2015 · 5:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614436
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 4, 2015 | M | 61,598 | $18.7968 | A | 88,140 | D | |
| Common StockF1 | Nov 4, 2015 | S | 61,598 | $36.71 | D | 26,542 | 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)F2 | $18.7968 | Nov 4, 2015 | M | 61,598 | D | — | May 12, 2023 | Common Stock | 61,598 | 0 | D |
Explanation of responses
- F1Includes 9,935 restricted stock units.
- F2The option vested in full upon the consummation of the initial public offering of the issuer and was exercisable upon the earlier to occur of (i) a Change of Control (as defined in the issuer's 2014 Equity Incentive Award Plan) at a price per share of at least $26.42 or (ii) the date on which the issuer's stock price exceeded $26.42 on a daily moving average basis for the previous six months.