Support.com, Inc. 4
4 · Support.com, Inc. · Filed Mar 20, 2014
Insider Transaction Report
Form 4
PICKUS JOSHUA
DirectorCEO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2014-03-19−160,895→ 155,605 totalExercise: $0.00→ Common Stock (160,895 underlying) - Tax Payment
Common Stock
2014-03-20$2.68/sh−82,314$220,602→ 145,956 total - Exercise/Conversion
Common Stock
2014-03-19+160,895→ 228,270 total
Footnotes (3)
- [F1]This transaction was effected pursuant to a 10b5-1 trading plan arrangement approved by the Company by which only those shares required to satisfy state and federal tax withholding due upon the vesting and release of RSUs were sold ("sell-to-cover"), and the remaining shares were released to the grantee. Provision for tax withholding is a requirement of the Company's 2010 Equity and Performance Incentive Plan in relation to grants of RSUs as a condition of the release of vested shares.
- [F2]1/3rd of the shares subject to the grant vest on the first anniversary of the grant date (i.e. March 19, 2014), and 1/6th of the shares subject to the grant vest on each six-month anniversary thereafter over the next two years, through March 19, 2016.
- [F3]N/A