SEC Form 4 · accession 0001179110-18-012864
Angi Inc. · ANGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig M. Smith
Officer — President & COO · Director
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 9:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001705110
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.001F1 | Nov 12, 2018 | M | 119,866 | $2.66 | A | 119,866 | D | |
| Class A Common Stock, par value $0.001F2,F3 | Nov 12, 2018 | D | 19,866 | — | D | 100,000 | D | |
| Class A Common Stock, par value $0.001F3 | Nov 12, 2018 | S$0 | 100,000 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF4 | $2.66 | Nov 12, 2018 | M | 119,866 | D | Sep 29, 2017 | Feb 10, 2026 | Class A Common Stock, par value $0.001 | 119,866 | 1,180,839 | D |
Explanation of responses
- F1Represents shares of Class A Common Stock acquired/deemed to be acquired in connection with the exercise of stock appreciation rights (see footnote 4 below).
- F2Represents shares of Class A Common Stock deemed to be simultaneously sold back to ANGI in connection with the exercise of stock appreciation rights (see footnote 1).
- F3The closing price per share of Class A Common Stock on the date of the reporting person's stock appreciation right exercise was $17.69. The reporting person sold all shares of Class A Common Stock acquired in a privately negotiated block trade at a discounted price of $16.05, which was also the price used for the deemed disposition to ANGI.
- F4Represents 530,486 vested stock appreciation rights and 650,353 unvested stock appreciation rights that vest in two equal installments on each of February 11, 2019 and 2020, subject to continued service.