SEC Form 4 · accession 0001562180-18-003250
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
Jul 2, 2018
Accepted (ET)
Jul 5, 2018 · 6:56 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 | Jul 2, 2018 | F | 13,374 | $8.46 | D | 286,354 | D | |
| Common StockF2 | Jul 2, 2018 | M | 33,985 | — | A | 320,339 | D | |
| Common StockF3 | holding | — | — | — | 924,492 | I | By Jeanne Margaret Gulner Family Investments, Ltd. | |
| Common Stock | holding | — | — | — | 924,495 | I | By Kenneth Earl Rees 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)F2,F4 | — | Jul 2, 2018 | M | 33,985 | D | — | — | Common Stock | 33,985 | 67,972 | D |
Explanation of responses
- F1These shares were withheld by Issuer to satisfy tax withholding obligations.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
- F3The 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.
- F4The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of July 1, such that the RSUs shall be fully vested on July 1, 2020.