4//SEC Filing
Sabino Anthony John 4
Accession 0001102993-24-000052
CIK 0001102993other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 9:34 PM ET
Size
9.9 KB
Accession
0001102993-24-000052
Insider Transaction Report
Form 4
LIVEPERSON INCLPSN
Sabino Anthony John
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2024-03-15+2,580,645→ 2,580,645 total - Award
Common Stock
2024-03-15+774,194→ 3,354,839 total - Award
Stock Option (Right to Buy)
2024-03-15+1,000,000→ 1,000,000 totalExercise: $1.02Exp: 2034-03-15→ Common Stock (1,000,000 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted 2,580,645 restricted stock units ("RSU"s) under the terms of the LivePerson, Inc. 2018 Inducement Plan (the "Plan"), and each RSU represents a contingent right to receive one share of the Issuer's common stock. Subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date, 25% of the RSU's are scheduled to vest on March 15, 2025, and 6.25% of the RSU's are scheduled to vest in equal quarterly installments thereafter, so that 100% of the RSUS will be fully vested on March 15, 2028.
- [F2]The Reporting Person was granted 774,194 RSUs under the terms of the Plan, and each RSU represents a contingent right to receive one share of the Issuer's common stock. Subject to the Reporting Person's continued employment with the Issuer through the applicable date, 50% of the RSUs are scheduled to vest on March 15, 2025, and 50% of the RSUs are scheduled to vest on March 15, 2026, so that 100% of the RSUs will be fully vested on March 15, 2026.
- [F3]The Reporting Person was granted an option to purchase 1,000,000 shares of the Issuer's common stock under the terms of the Plan. Subject to the Reporting Person's continued employment with the Issuer through the applicable date, the option will become exercisable, if at all, when the performance-based and time-based conditions are met. The option will become exercisable in two equal installments if the average closing price of the Issuer's common stock on the NASDAQ exceeds $8 and $13, respectively, for 30 rolling trading days, prior to January 10, 2027, and January 10, 2028, respectively. To the extent the foregoing performance-based conditions are met, 50% of the option will be exercisable on March 15, 2026, and 1/24th of the option will be exercisable in equal monthly installments thereafter.
Documents
Issuer
LIVEPERSON INC
CIK 0001102993
Entity typeother
Related Parties
1- filerCIK 0002008679
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 9:34 PM ET
- Size
- 9.9 KB