4/A//SEC Filing
Dealertrack Technologies, Inc 4/A
Accession 0001144204-14-014632
CIK 0001333513operating
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 6:17 PM ET
Size
23.5 KB
Accession
0001144204-14-014632
Insider Transaction Report
Form 4/AAmended
Furcolo Mark
SVP Processing Solutions Group
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2014-02-27−5,865→ 6,375 totalExercise: $27.99Exp: 2019-02-28→ Common Stock (5,865 underlying) - Award
Performance Stock Unit
2014-02-26+3,798→ 3,798 totalExercise: $0.00Exp: 2017-02-26→ Common Stock (3,798 underlying) - Exercise/Conversion
Common Stock
2014-02-27$27.99/sh+5,865$164,161→ 27,225 total - Sale
Common Stock
2014-02-27$54.28/sh−5,865$318,358→ 21,360 total - Exercise/Conversion
Common Stock
2014-02-27$19.65/sh+4,748$93,298→ 26,108 total - Sale
Common Stock
2014-02-27$54.28/sh−4,748$257,726→ 21,360 total - Award
Common Stock
2014-02-26+4,238→ 21,360 total - Tax Payment
Common Stock
2014-02-24$54.40/sh−499$27,146→ 16,623 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2014-02-27−4,748→ 1,572 totalExercise: $19.65Exp: 2017-02-24→ Common Stock (4,748 underlying) - Award
Non-Qualified Stock Option (right to buy)
2014-02-26+11,905→ 11,905 totalExercise: $55.06Exp: 2021-02-26→ Common Stock (11,905 underlying)
Footnotes (11)
- [F1]Includes 16,584 restricted stock units.
- [F10]Represents shares withheld from vested RSUs for the payment of applicable income and payroll withholding taxes due on vesting.
- [F11]An erroneous number was reported on the prior Form 4 and has been corrected through this amendment.
- [F2]25% of the shares subject to the option vested on February 28,2013, and 1/36th of the remaining shares subject to the option will vest each month thereafter, such that 100% of the shares subject to the option will be fully vested on February 28, 2016.
- [F3]25% of the shares subject to the option vested on February 24, 2012, and 1/36th of the remaining shares subject to the option will vest each month thereafter, such that 100% of the shares subject to the option will be fully vested on February 24, 2015.
- [F4]This transaction was executed in multiple trades at prices ranging from $54.01 to $55.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F5]Each restricted stock unit represents a contingent right to receive one share of Dealertrack common stock. The restricted stock units vest in four equal annual installments beginning February 26, 2015.
- [F6]25% of the shares subject to the option will vest on February 26, 2015, and 1/36th of the remaining shares subject to the option will vest each month thereafter, such that 100% of the shares subject to the option will be fully vested on February 26, 2018.
- [F7]This amount represents the target number of PSUs (100%) awarded and is subject to adjustment ranging from 0% (threshold) to 150% (maximum) based on the percentage achievement of the performance goals.
- [F8]The Performance Stock Units will vest in full on February 28, 2017 subject to the achievement of certain performance goals. These performance goals are equally based on both the Company's Revenue for calendar year 2014 and the total shareholder return of the Company's common stock as compared to other companies in the NASDAQ Software Index in the aggregate for calendar years 2014, 2015 and 2016.
- [F9]Includes 12,346 restricted stock units.
Documents
Issuer
Dealertrack Technologies, Inc
CIK 0001333513
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001333513
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 6:17 PM ET
- Size
- 23.5 KB