MODEL N, INC. 4
4 · MODEL N, INC. · Filed Dec 10, 2013
Insider Transaction Report
Form 4
MODEL N, INC.MODN
LaRoche Michael
SVP, GLOBAL CUST. SVCS & SUPPT
Transactions
- Award
Common Stock
2013-12-06+15,000→ 20,000 total - Award
Common Stock
2013-12-06+15,000→ 35,000 total
Footnotes (2)
- [F1]Issuable upon the vesting of Restricted Stock Units ("RSUs"). 1/3 of the RSUs will vest on November 22, 2014, then 1/3 of the RSUs will vest on each yearly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- [F2]Issuable upon the vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon total stockholder return, between a minimum of 0% and a maximum of 250% of the PB-RSUs will vest as follows: 1/3 of the PB-RSUs will vest on November 22, 2014, then 1/3 of the PB-RSUs will vest on each yearly anniversary thereafter, until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.