SEC Form 4 · accession 0001144204-18-041465
CISION LTD. · CISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Pearlstein
Officer — EVP & Chief Financial Officer
Period of report
Jul 30, 2018
Accepted (ET)
Aug 1, 2018 · 7:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001701040
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $15.07 | Jul 30, 2018 | A | 114,375 | A | — | Jul 30, 2028 | Ordinary Shares | 114,375 | 114,375 | D |
| Restricted Stock UnitsF2,F3 | — | Jul 30, 2018 | A | 38,125 | A | — | — | Ordinary Shares | 38,125 | 38,125 | D |
Explanation of responses
- F1The option becomes exercisable in four equal annual installments beginning July 30, 2019.
- F2Each restricted stock unit represents a contingent right to receive one ordinary share of Cision Ltd.
- F3The restricted stock units vest in four equal annual installments beginning on July 30, 2019. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of ordinary shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, local and foreign taxes of any kind.