SEC Form 4 · accession 0001144204-19-007461
CISION LTD. · CISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen F. Solomon
Officer — Chief Accounting Officer
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 9:18 pm EST
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 | $12.36 | Feb 11, 2019 | A | 7,500 | A | — | Feb 11, 2029 | Ordinary Shares | 7,500 | 7,500 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 11, 2019 | A | 7,500 | A | — | — | Ordinary Shares | 7,500 | 7,500 | D |
Explanation of responses
- F1The option becomes exercisable in four equal annual installments beginning February 11, 2020.
- 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 February 11, 2020. 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.