4//SEC Filing
SOBILOFF PETER 4
Accession 0001140361-10-015931
CIK 0001453814other
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 2:21 PM ET
Size
15.2 KB
Accession
0001140361-10-015931
Insider Transaction Report
Form 4
SOBILOFF PETER
Director
Transactions
- Sale
Common Stock
2009-06-30$13.02/sh−631,835$8,226,492→ 4,808,442 total(indirect: See Footnote (2)) - Sale
Common Stock
2009-12-24$14.18/sh−825,000$11,694,375→ 1,022,914 total(indirect: See Footnote (2)) - Conversion
Common Stock
2009-06-30+5,436,706→ 5,440,277 total(indirect: See Footnote (2)) - Sale
Common Stock
2009-12-14$14.18/sh−2,960,528$41,965,484→ 1,847,914 total(indirect: See Footnote (2)) - Conversion
Series D Convertible Redeemable Preferred Stock
2009-06-30+2,718,353→ 0 total(indirect: See footnote (2))Exercise: $0.00Exp: 2009-06-30→ common stock (5,436,706 underlying)
Footnotes (5)
- [F1]On June 24, 2009, Peter Sobiloff was issued 3,571 shares of restricted stock ("Restricted Stock"). The shares of Restricted Stock vest over a two-year period, fifty percent (50%) on the first anniversary of the grant and the remaining fifty percent (50%) on the second anniversary of the grant. Peter Sobiloff is required to ultimately surrender or credit to Insight Venture Partners IV, L.P., Insight Venture Partners (Cayman) IV, L.P., Insight Venture Partners IV (Co-Investors), L.P. and Insight Venture Partners IV (Fund B), L.P. (collectively, the "Insight Partnerships") all compensation he receives from the Issuer, including all stock, stock options, restricted stock and other forms of stock-based awards, pro rata in accordance with such Insight Partnership's ownership of the Issuer's securities. Mr. Sobiloff therefore disclaims beneficial ownership of all such Restricted Stock and Options, except to the extent of his pecuniary interest therein.
- [F2]The amount listed reflects the beneficial ownership of the Issuer's securities owned by the Insight Partnerships, all of which may be deemed attributable to the Insight Venture Associates IV, L.L.C. (the "Insight GP") because the Insight GP is the sole general partner of each of the Insight Partnerships. The managing member of the Insight GP is Insight Holdings Group, L.L.C. ("Insight Holdings"). Insight Holdings is managed by its board of managers. Jeffery Horing, Peter Sobiloff and Deven Parekh, the members of the board of managers of Insight Holdings, share the voting and investment power with respect to the securities held by the Insight Partnerships. Each of Messrs. Horing, Sobiloff and Parekh disclaim beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F3]The Issuer's Series D Convertible Redeemable Preferred Stock automatically converted into Common Stock on a two-for-one basis immediately prior to the closing of the Issuer's initial public offering.
- [F4]Represents public offering price of $14.00 per share less the underwriter's discount of $0.98 per share.
- [F5]Represents public offering price of $15.00 per share less the underwriter's discount of $0.825 per share.
Documents
Issuer
Medidata Solutions, Inc.
CIK 0001453814
Entity typeother
Related Parties
1- filerCIK 0001221762
Filing Metadata
- Form type
- 4
- Filed
- Apr 8, 8:00 PM ET
- Accepted
- Apr 9, 2:21 PM ET
- Size
- 15.2 KB