SEC Form 4 · accession 0001593678-17-000044
TiVo Corp · TIVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dustin Finer
Officer — ChiefAdmin&InternalOpsOfficer
Period of report
Jul 1, 2017
Accepted (ET)
Jul 5, 2017 · 8:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001675820
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 1, 2017 | M | 1,515 | $0.001 | A | 56,417 | D | |
| Common StockF2 | Jul 1, 2017 | F | 791 | $18.65 | D | 55,626 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF3,F4,F5 | — | Jul 1, 2017 | A | 17,426 | A | — | Jul 1, 2020 | Common Stock | 17,426 | 17,426 | D |
| Restricted Stock UnitsF3,F6 | — | Jul 1, 2017 | A | 17,426 | A | — | Jul 1, 2021 | Common Stock | 17,426 | 17,426 | D |
| Restricted Stock UnitsF3,F1 | — | Jul 1, 2017 | M | 1,515 | D | — | Jul 1, 2020 | Common Stock | 1,515 | 4,548 | D |
Explanation of responses
- F1Granted July 1, 2016, this restricted stock unit grant vests over 4 years with 25% vesting on each of the annual anniversaries of the grant date.
- F2Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.
- F3Each restricted stock unit represents a contingent right to receive one share of TIVO common stock.
- F4Granted July 1, 2017, the vesting of these performance units is based entirely upon the achievement of a three-year relative TSR metric of percentile ranking against a peer group previously established by the TiVo Board of Directors' compensation committee, with the three-year performance period beginning January 1, 2017.
- F5Measurement of achievement of performance metric to be done by the compensation committee during the first compensation committee meeting in 2020 (but no later than June 30, 2020).
- F6Granted July 1, 2017, this restricted stock unit grant vests over 4 years with 25% vesting on each of the annual anniversaries of the grant date.