MODEL N, INC. 4
4 · MODEL N, INC. · Filed Aug 26, 2015
Insider Transaction Report
Form 4
MODEL N, INC.MODN
Carrasquilla Eric
SVP, Product Management
Transactions
- Award
Common Stock
2015-08-24+42,480→ 42,480 total - Award
Common Stock
2015-08-24+21,242→ 63,722 total
Footnotes (2)
- [F1]Issuable upon the vesting of Restricted Stock Units ("RSUs"). 25% of the RSUs will vest on each annual anniversary of the vesting commencement date until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- [F2]Issuable upon the vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon total stockholder return, between a minimum of 0% and a maximum of 250%, the PB-RSUs will vest as to 50% on each of the second and third annual anniversary of the vesting commencement date until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.