Sullivan Mark P. 4
4 · Carbon Black, Inc. · Filed May 10, 2018
Insider Transaction Report
Form 4
Sullivan Mark P.
See Remarks
Transactions
- Award
Common Stock
2018-05-08+37,500→ 37,500 total - Conversion
Stock Option (right to buy)
2018-05-08+55,290→ 55,290 totalExercise: $7.64Exp: 2027-01-26→ Common Stock (55,290 underlying) - Conversion
Stock Option (right to buy)
2018-05-08−136,258→ 0 totalExercise: $3.10Exp: 2027-01-26→ Series A Redeemable Preferred Stock (136,258 underlying) - Award
Stock Option (right to buy)
2018-05-08+136,258→ 136,258 totalExercise: $3.10Exp: 2027-01-26→ Series A Redeemable Preferred Stock (136,258 underlying)
Footnotes (2)
- [F1]The shares were acquired pursuant to a restricted stock unit award under the Carbon Black 2012 Stock Option and Grant Plan. Each restricted stock unit represents a contingent right to receive one share of Carbon Black, Inc. common stock. The restricted stock unit vests 25% on January 1, 2019, and thereafter in twelve equal quarterly installments beginning June 2, 2019.
- [F2]Each stock option to buy Series A Redeemable Preferred Stock became exercisable for a fixed number of shares and automatically converted into a stock option to buy Common Stock on approximately a 0.406-for-1 basis upon the closing of the Issuer's initial public offering. The stock option vested 25% on January 1, 2018 and the remainder vests in equal monthly installments such that the option will be fully vested on January 1, 2021.