4//SEC Filing
Dealertrack Technologies, Inc 4
Accession 0001144204-15-012937
CIK 0001333513operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 5:40 PM ET
Size
14.3 KB
Accession
0001144204-15-012937
Insider Transaction Report
Form 4
McLeer Richard
SVP and CIO
Transactions
- Sale
Common Stock
2015-02-26$40.40/sh−1,585$64,038→ 41,568 total - Award
Common Stock
2015-02-25+7,448→ 43,153 total - Sale
Common Stock
2015-02-27$39.80/sh−952$37,892→ 40,616 total - Award
Performance Stock Unit
2014-02-25+7,695→ 7,695 totalExercise: $0.00Exp: 2018-02-25→ Common Stock (7,695 underlying) - Award
Non-Qualified Stock Option (right to buy)
2015-02-25+20,850→ 20,850 totalExercise: $40.28Exp: 2022-02-24→ Common Stock (20,850 underlying)
Footnotes (8)
- [F1]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 25, 2016.
- [F2]Includes 26,059 restricted stock units.
- [F3]25% of the shares subject to the option will vest on February 25, 2016, 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 25, 2019.
- [F4]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.
- [F5]The Performance Stock Units will vest in full on February 25, 2018 subject to the achievement of certain performance goals. These performance goals are equally based on both the Company's Revenue for calendar year 2015 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 2015, 2016 and 2017.
- [F6]This transaction was executed in multiple trades at prices ranging from $40.05 to $40.81. 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.
- [F7]The sales reported in this form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2014.
- [F8]This transaction was executed in multiple trades at prices ranging from $39.705 to $40.03. 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.
Documents
Issuer
Dealertrack Technologies, Inc
CIK 0001333513
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001333513
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 5:40 PM ET
- Size
- 14.3 KB