4//SEC Filing
Jardine Bret T 4
Accession 0001127602-24-027719
CIK 0001210677other
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 4:17 PM ET
Size
10.2 KB
Accession
0001127602-24-027719
Insider Transaction Report
Form 4
Jardine Bret T
Corporate Secretary
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2024-11-18−30,000→ 120,186 totalExercise: $5.11Exp: 2030-02-09→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock
2024-11-18$5.11/sh+30,000$153,300→ 35,527 total - Sale
Common Stock
2024-11-18$17.41/sh−30,000$522,429→ 5,527 total
Footnotes (5)
- [F1]Reflects an adjustment ($1.50 reduction) to the original exercise price to reflect anti-dilution adjustments pursuant to the terms of the First Advantage Corporation 2021 Omnibus Incentive Plan (as amended) with respect to a one-time special cash dividend of $1.50 paid by First Advantage Corporation (the "Issuer") to stockholders of record at the close of business on August 21, 2023.
- [F2]Includes shares of common stock acquired under the Employee Stock Purchase Plan of the Issuer.
- [F3]Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on August 16, 2024.
- [F4]Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $17.300 to $17.630 per share. The reporting person will provide to the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price.
- [F5]Includes an initial grant of 81,093 options that vest in equal annual installments over five years, subject to continued service through such dates, with the first vesting on January 31, 2021 and a portion of an aggregate initial grant of 81,093 options subject to performance and time-based vesting criteria, where (i) such performance-based conditions (the occurrence of a "Realization Event" as defined in the award agreement) have been satisfied as of the date of grant and (ii) 12,921 options have vested on January 31, 2024 based on time. The remainder of such performance-based options will, subject to the occurrence of a Realization Event, vest on the same schedule noted above. Alternatively, these performance-based options will vest, based solely on time, as follows, subject to continued service through such date: 25,843 options on January 31, 2025, and 25,843 options on January 31, 2026, while preserving the eligibility to vest earlier upon a future Realization Event.
Documents
Issuer
FIRST ADVANTAGE CORP
CIK 0001210677
Entity typeother
Related Parties
1- filerCIK 0001398537
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 4:17 PM ET
- Size
- 10.2 KB