Performant Financial Corp 4
4 · Performant Financial Corp · Filed Mar 10, 2016
Insider Transaction Report
Form 4
Orvell Hakan
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2016-03-07$1.74/sh−17,159$29,857→ 28,111 total - Exercise/Conversion
Common Stock
2016-03-07+37,500→ 45,270 total - Exercise/Conversion
Restricted Stock Units
2016-03-07+37,500→ 75,000 totalExp: 2025-06-17→ Common Stock (37,500 underlying)
Holdings
- 38,625
Restricted Stock Units
→ Common Stock (12,875 underlying) - 120,000
Restricted Stock Units
→ Common Stock (120,000 underlying)
Footnotes (5)
- [F1]Shares surrendered to pay tax liability due on vesting of Restricted Stock Units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of PFMT's common stock. The units were awarded at no cost to Reporting Person.
- [F3]Restricted Stock Unit Award granted on February 23, 2016 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date, provided that the Reporting Person remains in continuous service through each vest date.
- [F4]Restricted Stock Unit Award granted on August 13, 2014 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date, provided that the Reporting Person remains in continuous service through each vest date.
- [F5]Restricted Stock Unit Award granted on June 17, 2015. Upon the achievement of certain financial metrics the grant vested with respect to 50% of the awarded stock units on March 5, 2016, and 25% of the grant will vest on each of March 5, 2017 and March 5, 2018, provided that the Reporting Person remains in continuous service through each vest date.