Jive Software, Inc. 4
4 · Jive Software, Inc. · Filed Mar 4, 2014
Insider Transaction Report
Form 4
ANTEBI OUDI
SVP Product Mgmt. & Design
Transactions
- Award
Common Stock
2014-02-28+40,000→ 175,123 total - Award
Stock Option (right to buy)
2014-02-28+50,000→ 50,000 totalExercise: $8.14From: 2014-03-28Exp: 2014-02-28→ Common Stock (50,000 underlying) - Award
Restricted Stock Units
2014-02-28+50,000→ 50,000 totalExercise: $0.00→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Each share of JIVE common stock is represented by a restricted stock unit ("RSU"). These RSUs will vest quarterly over three years commencing May 16, 2014, subject to the Reporting Person's continued employment through each vesting date.
- [F2]The shares subject to this option will vest in equal monthly installments over four years, subject to the Reporting Person's continued employment through each vesting date.
- [F3]Each RSU represents the contingent right to receive one share of JIVE common stock, and will be eligible to vest based on the achievement of certain performance metrics for 2014. The reported RSUs reflect the target number and the Reporting Person may ultimately receive up to 150% of the target number. Any shares eligible to vest will vest as to 1/3 upon determination of achievement, 1/3 on the first anniversary of determination of achievement, and 1/3 on the second anniversary of determination of achievement.