Performant Financial Corp 4
4 · Performant Financial Corp · Filed Mar 9, 2017
Insider Transaction Report
Form 4
Orvell Hakan
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2017-03-06$1.71/sh−8,209$14,037→ 46,688 total - Exercise/Conversion
Restricted Stock Units
2017-03-07+30,000→ 90,000 total→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock
2017-03-06+18,750→ 54,897 total - Exercise/Conversion
Common Stock
2017-03-07+30,000→ 76,688 total - Exercise/Conversion
Restricted Stock Units
2016-03-06+18,750→ 18,750 total→ Common Stock (18,750 underlying) - Tax Payment
Common Stock
2017-03-07$1.65/sh−12,374$20,417→ 64,314 total
Holdings
- 25,750
Restricted Stock Units
→ Common Stock (25,750 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 22, 2016. 25% of the shares vested on March 7, 2016, with 25% more vesting on each of the first, second and third anniversaries of the initial vest 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 on March 5, 2017, and 25% of the grant will vest on March 5, 2018, provided that the Reporting Person remains in continuous service through each vest date.