4//SEC Filing
Kinnish Bradley 4
Accession 0001140361-18-018084
CIK 0001389002other
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 6:04 PM ET
Size
12.1 KB
Accession
0001140361-18-018084
Insider Transaction Report
Form 4
Kinnish Bradley
VP Finance, Acting CFO
Transactions
- Award
Employee Stock Option (right to buy)
2018-03-07+71,000→ 71,000 totalExercise: $7.40Exp: 2028-03-06→ Common Stock (71,000 underlying) - Exercise/Conversion
Restricted Stock Units
2018-04-07−3,572→ 96,428 totalExercise: $0.00→ Common Stock (3,572 underlying) - Tax Payment
Common Stock
2018-04-07$6.50/sh−1,564$10,166→ 2,326 total - Exercise/Conversion
Common Stock
2018-04-07+3,572→ 3,890 total
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on April 7, 2017.
- [F2]Includes 318 shares acquired under the issuer's employee stock purchase plan (the "ESPP") on November 14, 2017.
- [F3]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F4]25% of the shares subject to the grant vest and become exercisable on January 8, 2019, then 2.0833% of the shares subject to the grant vest and become exercisable each month thereafter, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
- [F5]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F6]25% of the RSUs vest annually on the anniversary of the grant date, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
Documents
Issuer
MARIN SOFTWARE INC
CIK 0001389002
Entity typeother
Related Parties
1- filerCIK 0001702409
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 6:04 PM ET
- Size
- 12.1 KB