SEC Form 4 · accession 0001562180-19-001126
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
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 5:28 pm EST
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 Stock | holding | — | — | — | 320,339 | D | ||
| Common StockF1 | holding | — | — | — | 924,492 | I | By Jeanne Margaret Gulner Family Invesments, 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,F3 | — | Feb 15, 2019 | A | 261,431 | A | — | — | Common Stock | 261,431 | 261,431 | D |
Explanation of responses
- F1The 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.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
- F3The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of February 15, 2019 such that the RSUs shall be fully vested on February 15, 2023.