Hatfield Michael L 4
4 · CYAN INC · Filed May 16, 2013
Insider Transaction Report
Form 4
CYAN INCCYNI
Hatfield Michael L
DirectorPresident
Transactions
- Exercise/Conversion
Series A Convertible Preferred Warrant (right to buy)
2013-05-14−53,924→ 0 totalExercise: $1.30→ Series A Convertible Preferred Stock (53,924 underlying) - Tax Payment
Series A Convertible Preferred Stock
2013-05-14−6,365→ 409,626 totalExercise: $11.00→ Common Stock (6,365 underlying) - Conversion
Series B Convertible Preferred Stock
2013-05-14−476,332→ 0 total→ Common Stock (476,332 underlying) - Exercise/Conversion
Series A Convertible Preferred Stock
2013-05-14+53,924→ 415,991 totalExercise: $1.30→ Common Stock (53,924 underlying) - Exercise/Conversion
Series C Convertible Preferred Stock
2013-05-14+49,331→ 295,986 totalExercise: $2.45→ Common Stock (49,331 underlying) - Conversion
Series E Convertible Preferred Stock
2013-05-14−388,602→ 0 total→ Common Stock (388,602 underlying) - Exercise/Conversion
Series C Convertible Preferred Warrant (right to buy)
2013-05-14−49,331→ 0 totalExercise: $2.45→ Series C Convertible Preferred Stock (49,331 underlying) - Tax Payment
Series C Convertible Preferred Stock
2013-05-14−10,971→ 285,015 totalExercise: $11.00→ Common Stock (10,971 underlying) - Conversion
Common Stock
2013-05-14+1,559,575→ 1,959,575 total - Conversion
Series A Convertible Preferred Stock
2013-05-14−409,626→ 0 total→ Common Stock (409,626 underlying) - Conversion
Series C Convertible Preferred Stock
2013-05-14−285,015→ 0 total→ Common Stock (285,015 underlying)
Footnotes (7)
- [F1]The warrant is immediately exercisable and was exercised immediately prior to the completion of the Issuer's initial public offering of common stock and had no expiration date.
- [F2]The Series A Convertible Preferred Stock automatically converted into Common Stock on a one for one basis immediately prior to the completion of the Issuer's initial public offering of common stock and had no expiration date.
- [F3]The Reporting Person exercised a Series A Convertible Preferred Warrant to purchase 53,924 shares of Series A Convertible Preferred Stock for $1.30 per share. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 6,365 shares of Series A Convertible Preferred Stock to pay the exercise price and issuing to the Reporting Person the remaining 47,559 shares. The Issuer also paid $16.26 to the Reporting Person in lieu of a fractional share.
- [F4]The Series B Convertible Preferred Stock automatically converted into Common Stock on a one for one basis immediately prior to the completion of the Issuer's initial public offering of common stock and had no expiration date.
- [F5]The Series C Convertible Preferred Stock automatically converted into Common Stock on a one for one basis immediately prior to the completion of the Issuer's initial public offering of common stock and had no expiration date.
- [F6]The Reporting Person exercised a Series C Convertible Preferred Warrant to purchase 49,331 shares of Series C Convertible Preferred Stock for $2.45 per share. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 10,971 shares of Series C Convertible Preferred Stock to pay the exercise price and issuing to the Reporting Person the remaining 38,360 shares. The Issuer also paid $2.57 to the Reporting Person in lieu of a fractional share.
- [F7]The Series E Convertible Preferred Stock automatically converted into Common Stock on a one for one basis immediately prior to the completion of the Issuer's initial public offering of common stock and had no expiration date.