GILLIS DANIEL F 4
4 · SCIQUEST INC · Filed May 2, 2012
Insider Transaction Report
Form 4
SCIQUEST INCSQI
GILLIS DANIEL F
Director
Transactions
- Award
Restricted Stock Unit
2012-04-25+4,660→ 4,660 totalExercise: $0.00From: 2013-04-25→ Common Stock (4,660 underlying)
Footnotes (1)
- [F1]This restricted stock unit vests in its entirety on the first anniversary of the date of grant. Once vested, (i) 50% of the shares subject to this restricted stock unit are immediately issuable upon vesting (provided that the recipient may elect to defer the issuance of such shares to a later date but no later than the termination of his service on the Board of Directors) and (ii) the remaining 50% of the shares subject to this restricted stock unit are issuable upon the termination of his service on the Board of Directors.