SEC Form 4 · accession 0001562180-18-002613
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen B Galasso
Director
Period of report
May 18, 2018
Accepted (ET)
May 22, 2018 · 8:01 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 StockF2 | May 19, 2018 | M | 13,369 | — | A | 13,369 | D | |
| Common StockF1 | holding | — | — | — | 56,110 | I | By the Stephen and Linda Galasso Family Trust |
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)F2,F3 | — | May 18, 2018 | A | 13,064 | A | — | — | Common Stock | 13,064 | 13,064 | D |
| Restricted Stock Unit (RSU)F2,F4 | — | May 19, 2018 | M | 13,369 | D | — | — | Common Stock | 13,369 | 26,738 | D |
Explanation of responses
- F1Mr. Galasso and his spouse, Linda Galasso, are the voting trustees of the Stephen and Linda Galsso Family Trust.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
- F3The RSUs will vest upon the earlier of the one (1) year anniversary of May 18, 2018 or the next annual shareholder meeting, subject to continued service on the board through such date.
- F4The RSUs were granted on May 19, 2017. One-third (1/3) of the applicable RSUs vest on each anniversary of May 19, 2017 such that the RSUs shall be fully vested on May 19, 2020.