SEC Form 4 · accession 0001269847-17-000008
ACI WORLDWIDE, INC. · ACIW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip G Heasley
Officer — CEO and President · Director
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000935036
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 2, 2017 | M | 295,137 | $10.87 | A | 1,653,236 | D | |
| Common StockF2 | Mar 2, 2017 | S | 295,137 | $22.0187 | D | 1,358,099 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $10.87 | Mar 2, 2017 | M | 295,137 | D | — | Jul 24, 2017 | Common Stock | 295,137 | 0 | D |
Explanation of responses
- F1The amount of securities owned has been updated to include 616 shares acquired under the Company's 1999 Employee Stock Purchase Plan, as amended.
- F2The sale price ranged from $22 to $22.32, with a weighted average sale price of $22.018744. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3The options were granted pursuant to the ACI Worldwide, Inc. 2005 Equity and Performance Incentive Plan, as amended. The shares identified herein were sold under Mr. Heasley's Rule 10b5-1 plan dated March 17, 2016. Accordingly, these transactions also conclude Mr. Heasley's 10b5-1 plan established with respect to those options. Such shares were sold pursuant to the cashless exercise of options granted to Mr. Heasley on July 24, 2007, which would otherwise expire in accordance with their terms on July 24, 2017. As of the date of this report, Mr. Heasley's beneficial ownership of the securities reported herein is 2,027,480 shares, consisting of 1,358,099 shares directly owned and 699,381shares subject to currently exercisable options with a weighted average exercise price of $16.60.