Parker David Lambert 4
4 · CarGurus, Inc. · Filed Apr 13, 2018
Insider Transaction Report
Form 4
CarGurus, Inc.CARG
Parker David Lambert
Director
Transactions
- Conversion
Class B Common Stock
2018-03-02−200,000→ 0 totalExercise: $0.00→ Class A Common Stock (200,000 underlying) - Conversion
Class A Common Stock
2018-03-02+200,000→ 1,083,305 total
Footnotes (3)
- [F1]Represents the conversion of Class B common stock into Class A common stock at the Reporting Person's election.
- [F2]In connection with the Reporting Person's resignation from the Issuer's Board of Directors (the "Board") effective March 22, 2018, the reported amount of securities beneficially owned in Column 5 reflects the Board's partial acceleration of vesting for the Reporting Person's award of 2,080 restricted stock units ("RSUs") granted to the Reporting Person on October 25, 2017, such that 1,040 of such RSUs became fully vested on the date of the Reporting Person's resignation, with the remaining 1,040 RSUs being forfeited.
- [F3]Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.