SEC Form 4 · accession 0001127602-17-031527
ASPEN TECHNOLOGY INC /DE/ · AZPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jr. Robert M. Whelan
Director
Period of report
Nov 3, 2017
Accepted (ET)
Nov 7, 2017 · 5:55 pm EST
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 | Nov 3, 2017 | M | 14,000 | $14.38 | A | 25,559 | D | |
| Common StockF1 | Nov 3, 2017 | S | 10,000 | $66.01 | D | 15,559 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy)F2 | $14.38 | Nov 3, 2017 | M | 14,000 | D | — | May 3, 2021 | Common Stock | 14,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.88 to $66.13, inclusive. The reporting person undertakes to provide to Aspen Technology, Inc., any security holder of Aspen Technology, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The option granted at the exercise price of $14.38, representing a right to purchase 24,000 shares, became exercisable in 12 equal consecutive quarterly installments on the last business day of each quarter, beginning on September 30, 2011.