SEC Form 4 · accession 0001562180-17-003217
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth E. Rees
Officer — Chief Executive Officer · Director
Period of report
Oct 3, 2017
Accepted (ET)
Oct 5, 2017 · 5:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001651094
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 3, 2017 | M | 33,988 | — | A | 221,488 | D | |
| Common StockF3 | Oct 3, 2017 | F | 14,258 | $6.06 | D | 207,230 | D | |
| Common Stock | holding | — | — | — | 924,495 | I | By Kenneth Earl Rees Family Investments, Ltd. | |
| Common StockF4 | holding | — | — | — | 924,492 | I | By Jeanne Margaret Gulner Family Investments, Ltd. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F1,F2,F5 | — | Oct 3, 2017 | M | 33,988 | D | — | — | Common Stock | 33,988 | 101,957 | D |
Explanation of responses
- F1Reflects a 2.5-for-1 forward stock split which became effective on April 10, 2017.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
- F3These shares were withheld by Issuer to satisfy tax withholding obligations.
- F4The spouse of the Reporting Person is the sole member of 1991 Enterprises, LLC which is the general partner of Jeanne Margaret Gulner Family Investments, Ltd.
- F5Vested 33,988 RSUs on October 3, 2017. Will vest 33,985 RSUs on July 1, 2018, 33,987 RSUs on July 1, 2019 and 33,985 RSUs on July 1, 2020.