Rally Software Development Corp 4
4 · Rally Software Development Corp · Filed Jun 10, 2015
Insider Transaction Report
Form 4
Miller Timothy A.
DirectorPresident & CEO
Transactions
- Exercise of In-Money
Warrant to Purchase Common Stock (right to buy)
2015-06-08−6,626→ 0 totalExercise: $3.78Exp: 2018-05-20→ Common Stock (6,626 underlying) - Exercise of In-Money
Common Stock
2015-06-08$3.78/sh+6,626$25,046→ 612,309 total - Sale
Common Stock
2015-06-08$19.44/sh−1,289$25,053→ 611,020 total - Gift
Common Stock
2015-06-03−10,000→ 30,410 total(indirect: By Spouse)
Footnotes (4)
- [F1]Includes 79,000 previously reported shares issued as Restricted Stock Units ("RSUs") under the Issuer's 2013 Equity Incentive Plan (the "Plan") that were received as an award, for no consideration, which vest in a series of four successive annual installments beginning on April 25, 2016 such that the RSUs are fully vested on April 25, 2019, provided in each case that the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Plan.
- [F2]Includes 24,750 previously reported shares issued as RSUs under the Plan that were received as an award, for no consideration, which vest in a series of three successive annual installments beginning on June 28, 2015 such that the RSUs are fully vested on June 28, 2017, provided in each case that the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Plan.
- [F3]On June 8, 2015, the Reporting Person exercised a warrant to purchase 6,626 shares of the Issuer's common stock for $3.78 per share. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1,289 shares to pay the exercise price and issuing to the Reporting Person the remaining 5,337 shares. The Issuer also paid $6.72 in cash to the Reporting Person in lieu of a fractional share.
- [F4]Immediately exercisable.