SEC Form 4 · accession 0000877890-16-000198
CITRIX SYSTEMS INC · CTXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Burley
Officer — CVP & Act. GM, Workspace Serv.
Period of report
Mar 28, 2016
Accepted (ET)
Mar 30, 2016 · 1:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000877890
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 28, 2016 | F | 462 | $76.60 | D | 42,782 | D | |
| Common StockF1 | Mar 29, 2016 | F | 542 | $78.00 | D | 42,240 | D | |
| Common StockF2 | Mar 30, 2016 | A | 12,500 | $0.00 | A | 54,740 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF3 | $0.00 | Mar 30, 2016 | A | 12,500 | A | — | — | Common Stock | 12,500 | 12,500 | D |
Explanation of responses
- F1Represents the withholding of shares received upon the vesting of restricted stock units to cover the associated tax obligations.
- F2These shares of common stock are issuable pursuant to awards of restricted stock units that vest in three annual installments, with 33.4% vesting on the first anniversary of the grant date and 33.3% vesting on each of the second and third anniversaries of the grant date.
- F3Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The performance-based units vest based on the Issuer's total shareholder return, determined at the three-year period ending on March 30, 2019 or upon a change in control of the Issuer.