SEC Form 4 · accession 0001338176-19-000008
Pluralsight, Inc. · PS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Budge
Officer — Chief Financial Officer
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 7:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001725579
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Feb 19, 2019 | M | 200,000 | $0.00 | A | 397,158 | D | |
| Class A Common StockF4 | Feb 19, 2019 | S | 199,400 | $29.2674 | D | 197,758 | D | |
| Class A Common Stock | Feb 19, 2019 | S | 600 | $30.00 | D | 197,158 | D | |
| Class A Common Stock | Feb 20, 2019 | M | 133,091 | $0.00 | A | 330,249 | D | |
| Class A Common StockF5 | Feb 20, 2019 | S | 133,091 | $29.6968 | D | 197,158 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF8,F6 | — | Feb 19, 2019 | J | 33,091 | D | — | — | Class A Common Stock | 33,091 | 0 | I |
| Class B Common StockF6 | — | Feb 19, 2019 | M | 33,091 | A | — | — | Class A Common Stock | 33,091 | 1,094,358 | D |
| Class B Common StockF6 | — | Feb 19, 2019 | M | 200,000 | D | — | — | Class A Common Stock | 200,000 | 894,358 | D |
| Class B Common StockF6 | — | Feb 20, 2019 | M | 133,091 | D | — | — | Class A Common Stock | 133,091 | 761,267 | D |
Explanation of responses
- F1The reported shares represent a one-for-one exchange of the Issuer's Class B Common Stock to Class A Common Stock.
- F2The sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2018.
- F3The Reporting Person's sale of the Issuer's Class A Common Stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 750 shares, with the Reporting Person's purchase of 750 shares of Issuer common stock at a price of $23.29 per share on December 6, 2018. The Reporting Person has agreed to pay to the Issuer $4,922.94, representing the full amount of the profit realized in connection with the short-swing transaction.
- F4The sale price represents the weighted average price of the shares sold ranging from $28.99 to $29.63 per share. Upon request of the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F5The sale price represents the weighted average price of the shares sold ranging from $28.98 to $29.95 per share. Upon request of the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F6The shares of Class B Common Stock (i) confer no incidents of economic ownership on the holders thereof and (ii) only confer one-to-one voting rights on the holders thereof. Each share of Class B Common Stock is exchangeable for one share of Class A Common Stock at the option of the holder (for which the Issuer may substitute cash) and has no expiration date.
- F7Represents shares of Class B Common Stock transferred from the Budge Family Trust, of which the Reporting Person is a trustee, to direct ownership by the Reporting Person.
- F8The shares are held of record by the Budge Family Trust, of which the Reporting Person is a trustee.
- F9Represents shares of Class B Common Stock exchanged on a one-for-one basis into shares of Class A Common stock