SEC Form 4 · accession 0001593678-18-000067
TiVo Corp · TIVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Halt
Officer — CFO
Period of report
Jul 4, 2018
Accepted (ET)
Jul 5, 2018 · 9:03 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001675820
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2,F1,F3 | — | Aug 1, 2018 | A | 0 | A | — | Jul 1, 2021 | Common Stock | 0 | 32,172 | D |
| Restricted Stock UnitsF4,F1 | — | Aug 1, 2018 | A | 0 | A | — | Aug 1, 2022 | Common Stock | 0 | 45,321 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of TIVO common stock.
- F2On July 4, 2018, the Board of Directors approved the grant of performance restricted stock units with a value of $650,000, with such grant to be effective on August 1, 2018 pursuant to the Company's equity award grant policy. The number of performance restricted stock units is to be determined based on the closing price of TiVo Corporation's common stock on July 31, 2018. 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, 2018.
- F3Achievement of performance metric to be measured by the compensation committee during the first compensation committee meeting in 2021 (but no later than June 30, 2021).
- F4On July 4, 2018, the Board of Directors approved the grant of restricted stock units with a value of $650,000, with such grant to be effective on August 1, 2018 pursuant to the Company's equity award grant policy. The number of restricted stock units is to be determined based on the closing price of TiVo Corporation's common stock on July 31, 2018. This restricted stock unit grant vests over four years with 25% vesting on each of the annual anniversaries of the grant date.