Schultz Scott 4
4 · ACTIVE NETWORK INC · Filed May 16, 2012
Insider Transaction Report
Form 4
Schultz Scott
Director
Transactions
- Sale
Common Stock
2012-05-14$14.32/sh−958$13,719→ 0 total - Exercise/Conversion
Common Stock
2012-05-14$7.88/sh+958$7,549→ 958 total - Exercise/Conversion
Stock Option (Right to Buy)
2012-05-14−958→ 33,542 totalExercise: $7.88From: 2011-03-24Exp: 2021-03-24→ Common Stock (958 underlying)
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2011.
- [F2]The options are immediately exercisable, but shares purchased under such option are subject to repurchase by the Issuer at the option exercise price upon the Reporting Person's termination of service to the Issuer prior to vesting of these shares. 33% of the option shares vested on the first annual anniversary of such date with the remaining option shares vesting in 24 equal monthly installments thereafter.
- [F3]Mr. Schultz has entered into an agreement with the United States Tennis Association pursuant to which the United States Tennis Association receives the pecuniary benefit upon exercise of his options. Mr. Schultz disclaims beneficial ownership except to the extent of his pecuniary interest therein.