4//SEC Filing
BENNETT MICHAEL S 4
Accession 0001181431-10-026754
CIK 0001428669other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 6:48 PM ET
Size
15.3 KB
Accession
0001181431-10-026754
Insider Transaction Report
Form 4
BENNETT MICHAEL S
DirectorChairman of the Board & CEO
Transactions
- Sale
Common Stock
2010-05-11$19.32/sh−40,241$777,525→ 0 total - Exercise/Conversion
Employee Stock Option (right to buy)
2010-05-11−40,241→ 1,121,712 totalExercise: $2.69Exp: 2016-07-26→ Common Stock (40,241 underlying) - Exercise/Conversion
Common Stock
2010-05-11$2.69/sh+40,241$108,115→ 40,241 total - Exercise/Conversion
Common Stock
2010-05-11$2.69/sh+19,800$53,197→ 19,800 total(indirect: by LP) - Sale
Common Stock
2010-05-11$19.32/sh−19,800$382,496→ 0 total(indirect: by LP) - Exercise/Conversion
Employee Stock Option (right to buy)
2010-05-11−19,800→ 1,020,222 total(indirect: by LP)Exercise: $2.69Exp: 2016-07-26→ Common Stock (19,800 underlying)
Footnotes (5)
- [F1]Shares sold pursuant to a 10b5-1 Trading Plan.
- [F2]This transaction was executed in multiple trades at prices ranging from $18.79 to $19.62, inclusive. 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 sold and each separate price within the ranges set forth in footnotes (2) and (3) of this form.
- [F3]This transaction was executed in multiple trades at prices ranging from $18.79 to $19.62, inclusive. The price reported above reflects the weighted average sale price.
- [F4]Vested options held by MSB Asset Management, LP. MSB Asset Management GP, LLC is the general partner of the MSB Asset Management, L.P. Mr. Bennett is the sole manager of MSB Asset Management GP, LLC, and by virtue of this relationship, may be deemed to have voting and dispositive power over the shares issuable upon the exercise of options held by MSB Asset Management, L.P. Mr. Bennett disclaims beneficial ownership of the shares issuable upon the exercise of options held by MSB Asset Management, L.P. except to the extent of his pecuniary interest therein.
- [F5]Grant subject to a right of early exercise by Mr. Bennett prior to vesting and a right of repurchase by issuer that lapses in accordance with the vesting schedule. 1/4th of the shares vested on May 30, 2007 and 1/48th of the shares vest each month thereafter.
Documents
Issuer
SolarWinds, Inc.
CIK 0001428669
Entity typeother
Related Parties
1- filerCIK 0001126813
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 6:48 PM ET
- Size
- 15.3 KB