SEC Form 4 · accession 0001209191-19-011844
SVMK Inc. · SVMK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Hale
Officer — President
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 8:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001739936
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 15, 2019 | A | 160,000 | $0.00 | A | 595,006 | D | |
| Common StockF3,F4,F2 | Feb 19, 2019 | S | 14,001 | $11.785 | D | 581,005 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5 | $12.35 | Feb 15, 2019 | A | 320,000 | A | — | Feb 15, 2029 | Common Stock | 320,000 | 320,000 | D |
Explanation of responses
- F1Grant of Restricted Stock Units ("RSUs") 1/12th of the total number of RSUs will vest on 05/15/2019 and 1/12th of the total number of RSUs will vest quarterly thereafter for the remaining 11 quarters, subject to the Reporting Person's continued employment or service to the Company until fully vested.
- F2Certain of these securities are restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock, subject to the applicable vesting schedule and conditions.
- F3These shares were automatically sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
- F4This transaction was executed in multiple trades at prices ranging from $11.78 to $11.9840. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5The options shall vest as follows: 1/12th of the total number of options will vest on 05/15/2019 and 1/12th of the total number of options will vest quarterly thereafter for the remaining 11 quarters, subject to the Reporting Person's continued employment or service to the Company until fully vested.