SEC Form 4 · accession 0001642288-15-000003
LiveRamp Holdings, Inc. · RAMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S. Travis May
Officer — Divisional President
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 12:22 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 20, 2015 | A | 13,825 | $0.00 | A | 148,286 | D | |
| Common Stock, $.10 Par ValueF2 | May 20, 2015 | A | 10,369 | $0.00 | A | 158,655 | D | |
| Common Stock, $.10 Par Value | holding | — | — | — | 184 | I | by Managed Account 1 |
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)F3 | $17.49 | May 21, 2015 | A | 27,778 | A | — | May 20, 2025 | Common Stock, $.10 Par Value | 27,778 | 27,778 | D |
Explanation of responses
- F1This is a grant of performance units. Each performance unit represents a contingent right to receive one share of the registrant's common stock. Vesting will occur subsequent to the attainment of certain performance criteria approved by the Compensation Committee of the registrant's Board of Directors for the performance period ending March 31, 2018, contingent upon the reporting person's continued employment with the registrant.
- F2This is a grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock. Vesting will begin on May 20, 2016 with 25% of the total becoming vested on that date and 25% each 12 months thereafter until 100% vested, contingent upon the reporting person's continued employment with the registrant.
- F3This non-qualified stock option vests incrementally over four years beginning May 20, 2016, with 25% of the total becoming vested on that date and 25% each 12 months thereafter until 100% vested. The option expires 10 years from the date of grant.