SEC Form 4 · accession 0001562180-19-001127
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Lutes
Officer — Chief Financial Officer
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 StockF1 | holding | — | — | — | 142,821 | D | ||
| Common StockF2 | holding | — | — | — | 113,822 | I | By the Lutes Family Living 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)F3,F4 | — | Feb 15, 2019 | A | 117,521 | A | — | — | Common Stock | 117,521 | 117,521 | D |
Explanation of responses
- F1Includes 1,250 shares of Elevate Credit, Inc. common stock acquired pursuant to Elevate Credit, Inc.'s Employee Stock Purchase Plan ("ESPP") on December 31, 2018.
- F2Mr. Lutes and his spouse, Moshira Lutes, are the voting trustees of the Lutes Family Living Trust.
- F3Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
- F4The 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.