SEC Form 4 · accession 0001214659-16-015281
FAIR ISAAC CORP · FICO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Pung
Officer — EVP & CFO
Period of report
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 8:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000814547
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 8, 2016 | M | 5,784 | $0.00 | A | 88,641 | I | Michael and Debora Pung 2014 Living Trust |
| Common Stock | Dec 8, 2016 | M | 3,967 | $0.00 | A | 92,608 | I | Michael and Debora Pung 2014 Living Trust |
| Common Stock | Dec 8, 2016 | M | 2,666 | $0.00 | A | 95,274 | I | Michael and Debora Pung 2014 Living Trust |
| Common Stock | Dec 8, 2016 | M | 3,656 | $0.00 | A | 98,930 | I | Michael and Debora Pung 2014 Living Trust |
| Common Stock | Dec 8, 2016 | M | 1,644 | $0.00 | A | 100,574 | I | Michael and Debora Pung 2014 Living Trust |
| Common StockF1 | Dec 8, 2016 | F | 9,242 | $121.48 | D | 91,332 | I | Michael and Debora Pung 2014 Living Trust |
| Common StockF2 | holding | — | — | — | 4 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF4,F3,F5 | — | Dec 8, 2016 | A | 8,955 | A | Dec 13, 2016 | — | Common Stock | 8,955 | 8,955 | D |
| Market Share UnitsF6,F3,F5 | — | Dec 8, 2016 | A | 5,784 | A | Dec 8, 2016 | — | Common Stock | 5,784 | 5,784 | D |
| Market Share UnitsF3,F5 | — | Dec 8, 2016 | M | 5,784 | D | Dec 8, 2016 | — | Common Stock | 5,784 | 0 | D |
| Market Share UnitsF7,F3,F5 | — | Dec 8, 2016 | A | 3,967 | A | Dec 8, 2016 | — | Common Stock | 3,967 | 3,967 | D |
| Market Share UnitsF3,F5 | — | Dec 8, 2016 | M | 3,967 | D | Dec 8, 2016 | — | Common Stock | 3,967 | 0 | D |
| Performance Share UnitsF8,F9,F5 | — | Dec 8, 2016 | M | 2,666 | D | Dec 8, 2015 | — | Common Stock | 2,666 | 2,665 | D |
| Performance Share UnitsF8,F9,F5 | — | Dec 8, 2016 | M | 3,656 | D | Dec 8, 2016 | — | Common Stock | 3,656 | 7,311 | D |
| Restricted Stock UnitsF10,F11,F5 | — | Dec 8, 2016 | M | 1,644 | D | Dec 8, 2016 | — | Common Stock | 1,644 | 4,932 | D |
| Restricted Stock UnitsF10,F11,F5 | — | Dec 8, 2016 | A | 6,250 | A | Dec 8, 2017 | — | Common Stock | 6,250 | 6,250 | D |
Explanation of responses
- F1Shares withheld by Company for payment of taxes due at vesting from earned performance share units, earned market share units and restricted stock units.
- F10Each restricted stock unit represents a right to receive one share of Fair Isaac common stock contingent upon continued employment.
- F11The restricted stock units vest in four equal annual installments commencing on this date and vested shares will be delivered to the reporting person as soon as practicable thereafter.
- F2Common stock holdings include ESPP reinvested dividends.
- F3Each earned market share unit represents a right to receive one share of Fair Isaac common stock contingent upon continued employment.
- F4As previously reported in a prior Form 4 footnote, on December 13, 2013, the reporting person was granted a target award of 8,723 market share units. The award vests in three equal annual installments from the grant date based on the Company's satisfaction of certain performance criteria for each of the performance periods ending November 30, 2014, 2015 and 2016. The performance criteria for 2014 were met and reported, resulting in an award of 2,675 market share units which vested on December 13, 2014. The performance criteria for 2015 were met, resulting in the award of 5,816 market share units which vested on December 13, 2015. The performance criteria for 2016 were met, resulting in the award of 8,955 market share units which will vest on December 13, 2016.
- F5No expiration date.
- F6As previously reported in a prior Form 4 footnote, on December 8, 2014, the reporting person was granted a target award of 8,676 market share units. The award is scheduled to vest in three equal annual installments from the grant date based on the Company's satisfaction of certain performance criteria for each of the performance periods ending November 30, 2015, 2016 and 2017. The performance criteria for 2015 were met, resulting in the award of 5,784 market share units which vested on December 8, 2015. The performance criteria for 2016 were met, resulting in the award of 5,784 market share units which will vest immediately on December 8, 2016.
- F7On December 8, 2015, the reporting person was granted a target award of 6,576 market share units. The award is scheduled to vest in three equal annual installments from the grant date based on the Company's satisfaction of certain performance criteria for each of the performance periods ending November 30, 2016, 2017 and 2018. The performance criteria for 2016 were met, resulting in the award of 3,967 market share units that will vest immediately on December 8, 2016.
- F8Each earned performance share unit represents a right to receive one share of Fair Isaac common stock contingent upon continued employment
- F9The performance share units vest in three equal annual installments commencing on this date and one share will be delivered to the reporting person for each vested unit as soon as practicable thereafter.