SEC Form 4 · accession 0001437749-15-006255
Speed Commerce, Inc. · SPDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Konkle
Officer — Chief Operating Officer
Period of report
Mar 26, 2015
Accepted (ET)
Mar 27, 2015 · 5:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000911650
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 UnitF1 | $0.00 | Mar 26, 2015 | A | 125,000 | A | Mar 31, 2015 | Mar 31, 2015 | Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F1Restricted Stock Units granted pursuant to the terms of the Company's 2014 Stock Option and Incentive Plan and vesting in one installment of 125,000 shares on March 31, 2015, conditioned upon the Company having met a minimum adjusted EBITDA target during the first two fiscal quarters of its 2016 fiscal year, and continued employment with the Company. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's common stock once vested.