SEC Form 4 · accession 0001209191-17-058355
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Greever
Officer — Managing Director, UK
Period of report
Oct 26, 2017
Accepted (ET)
Oct 30, 2017 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001651094
Table I — non-derivative securities
No Table I lines on this filing.
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,F3,F2 | $8.32 | Oct 26, 2017 | D | 31,250 | D | — | Mar 23, 2026 | Common Stock | 31,250 | 0 | D |
| Restricted Stock Unit (RSU)F3,F4,F5 | — | Oct 26, 2017 | A | 18,750 | A | — | — | Common Stock | 18,750 | 18,750 | D |
Explanation of responses
- F1Reflects a 2.5-for-1 forward stock split which became effective on April 10, 2017.
- F2One-fourth of the shares subject to the option vested on March 24, 2017 and one forty-eighth of the shares vests monthly thereafter.
- F3On October 26, 2017, the issuer canceled an option for 31,250 shares of Elevate Credit, Inc. common stock granted to the reporting person on March 24, 2016. In exchange, the reporting person received a replacement restricted stock unit ("RSU"), for 18,750 shares.
- F4Each RSU represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
- F5The RSUs shall vest as to 21/48ths of the shares on December 15, 2017, one-fourth on December 15, 2018, one-fourth on December 15, 2019, and 3/48ths on December 15, 2020, subject to continued employment.