SEC Form 4 · accession 0001209191-16-110276
EXA CORP · EXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hudong Chen
Officer — Chief Scientific Ofc., Sr. VP
Period of report
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 6:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890264
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 21, 2016 | S | 10,000 | $12.0204 | D | 74,426 | D | |
| Common StockF3 | Mar 21, 2016 | S | 10,000 | $12.0077 | D | 64,426 | D | |
| Common Stock | holding | — | — | — | 5,900 | I | By daughter | |
| Common Stock | holding | — | — | — | 20,000 | I | By wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $9.27 | Mar 21, 2016 | A | 5,013 | A | Mar 21, 2016 | Jun 10, 2024 | Common Stock | 5,013 | 10,144 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 4, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.08, inclusive. The reporting person undertakes to provide to Exa Corporation, any security holder of Exa Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.06, inclusive. The reporting person undertakes to provide to Exa Corporation, any security holder of Exa Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- F4On June 10, 2014, the reporting person was granted an option to purchase up to 25,000 shares of common stock. The option vests and becomes exercisable based on Exa Corporation's satisfaction of certain performance criteria for each of the fiscal years ending January 31, 2015 and January 31, 2016. The performance criteria for the fiscal year ending January 31, 2016 were determined to have been met on March 21, 2016, resulting in the vesting of the option as to 5,013 shares.