SEC Form 4 · accession 0001127602-17-013868
ASPEN TECHNOLOGY INC /DE/ · AZPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Griffin
Officer — EVP, Field Operations
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000929940
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 31, 2017 | M | 2,257 | $31.26 | A | 50,973 | D | |
| Common Stock | Mar 31, 2017 | S | 2,257 | $58.76 | D | 48,716 | D | |
| Common StockF2 | Mar 31, 2017 | F | 1,167 | $58.91 | D | 47,549 | D |
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)F3 | $31.26 | Mar 31, 2017 | M | 2,257 | D | — | Feb 7, 2026 | Common Stock | 2,257 | 24,831 | D |
Explanation of responses
- F1This sale was effected pursuant to a Rule 10b5-1 trading plan completed and executed by the reporting person on September 1, 2016.
- F2Shared withheld by Registrant to satisfy statutory tax withholding requirements on vesting of restricted stock units and distribution of stock.
- F3The option granted at the exercise price of $31.26 per share, representing a right to purchase a total of 36,118 shares, becomes exercisable in 16 equal consecutive quarterly installments on the last business day of each quarter, beginning March 31, 2016.