SEC Form 4 · accession 0001245105-18-000076
LiveRamp Holdings, Inc. · RAMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard E. Erwin
Officer — DIVISIONAL PRESIDENT
Period of report
May 14, 2018
Accepted (ET)
May 16, 2018 · 5:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000733269
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK, $.10 PAR VALUEF1 | May 14, 2018 | J | 20,964 | $0.00 | D | 117,321 | D | |
| COMMON STOCK, $.10 PAR VALUEF2 | May 14, 2018 | F | 6,143 | $27.21 | D | 111,178 | D | |
| COMMON STOCK, $.10 PAR VALUE | holding | — | — | — | 921 | I | BY MANAGED ACCOUNT 1 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents previously reported performance stock units ("PSUs") that the Compensation Committee of the registrant's Board of Directors determined on May 14, 2018 did not vest and were, by the terms of the original grant agreement, automatically cancelled as of such date. The reporting person's Form 4 filed April 14, 2015 reported a grant of performance units (covering 41,929 shares of common stock) that could vest at 0% to 150% of such reported amount based upon certain performance criteria for the period ending March 31, 2018 having been satisfied and approved by the Compensation Committee of the registrant's Board of Directors. On May 14, 2018, the Compensation Committee determined that 50% of the award vested.
- F2These shares were withheld by the registrant to satisfy the reporting person's tax obligations that arose as a result of the performance unit vesting discussed in footnote 1 above.