SEC Form 4 · accession 0001209191-19-011146
Sailpoint Technologies Holdings, Inc. · SAIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juliette Rizkallah
Officer — Chief Marketing Officer
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001627857
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 14, 2019 | M | 7,490 | $2.42 | A | 47,007 | D | |
| Common StockF2 | Feb 14, 2019 | S | 7,490 | $32.0043 | D | 39,517 | 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)F3 | $2.42 | Feb 14, 2019 | M | 7,490 | D | — | Aug 18, 2025 | Common Stock | 7,490 | 90,350 | D |
Explanation of responses
- F1The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2018 (the "10b5-1 Plan"). No more than 89,090 shares may be sold in the aggregate under the 10b5-1 Plan, which terminates no later than October 31, 2019, regardless of whether the maximum of 89,090 shares in the aggregate have been sold.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.04, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 this footnote.
- F3Stock option granted on August 19, 2015 (a) as to 37,840 shares, 25% of which vest on August 19, 2016 and then the remaining of which vest in equal installments on a monthly basis over the 36-month period following August 19, 2016, and (b) as to the remaining 60,000 shares, (i) a number of which vest on January 15 of the calendar year following the year in which the grant date occurred ("First Annual Vest Date") equal to the total number of such shares multiplied by the number of days between the grant date and January 1 of the calendar year following the year in which the grant date occurred and divided by 1,460; (ii) 75% of which vest in equal installments on each of the first, second and third anniversaries of the First Annual Vest Date; and (iii) the remaining of which vest on the 15th day of the calendar month following the month in which the fourth anniversary of the grant date occurs.