ACTIVE NETWORK INC 4
4 · ACTIVE NETWORK INC · Filed Sep 20, 2013
Insider Transaction Report
Form 4
Alberga David
DirectorChief Executive Officer
Transactions
- Other
Common Stock
2013-09-20+115→ 251,077 total
Holdings
- 184,599(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Mr. Alberga is the trustee of The Alberga/Cernosia Revocable Declaration of Trust dated October 26th, 2004 and has voting and dispositive power with respect to these shares. Mr. Alberga disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F2]On May 21, 2013, the Company withheld an aggregate of 72,312 shares to satisfy Mr. Alberga's tax obligations due upon the issuance and vesting of certain equity awards pursuant to the terms and conditions of the Separation and Severance Agreement dated May 21, 2013 between Mr. Alberga and the Company. The Company inadvertently made an error when calculating the withholding tax, resulting in 115 excess shares being withheld. On September 20, 2013, the Company corrected the error, and the additional 115 shares were issued to Mr. Alberga.