SEC Form 4 · accession 0001179110-19-001925
Match Group, Inc. · MTCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn Schiffman
Officer — EVP & CFO
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 5:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000891103
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Feb 12, 2019 | A | 8,988 | A | Feb 13, 2019 | Feb 12, 2022 | Common Stock, par value $0.001 | 8,988 | 8,988 | D |
| Restricted Stock UnitsF2 | $0.00 | Feb 12, 2019 | A | 17,977 | A | Feb 13, 2019 | Feb 12, 2024 | Common Stock, par value $0.001 | 17,977 | 17,977 | D |
Explanation of responses
- F1Represents performance-based restricted stock units that vest on any day during the three year period following the grant date after any 10 consecutive trading day period during which the closing price per share of IAC common stock is equal to or greater than $267.00 (a 20% increase to the closing price of IAC common stock on the grant date), subject to the reporting person's employment on the date the performance requirement is satisfied. Shares of IAC common stock acquired upon the vesting of these performance-based restricted stock units may not be sold until the earlier of: (x) one year from the vesting date or (y) the original term of the award (three years).
- F2Represents performance-based restricted stock units that vest on any day during the five year period following the grant date after any 10 consecutive trading day period during which the closing price per share of IAC common stock is equal to or greater than $333.75 (a 50% increase to the closing price of IAC common stock on the grant date), subject to the reporting person's employment on the date the performance requirement is satisfied. Shares of IAC common stock acquired upon the vesting of these performance-based restricted stock units may not be sold until the earlier of: (x) one year from the vesting date or (y) the original term of the award (five years).