MODEL N, INC. 4
4 · MODEL N, INC. · Filed Aug 29, 2014
Insider Transaction Report
Form 4
MODEL N, INC.MODN
LaRoche Michael
SVP, GLOBAL CUST. SVCS & SUPPT
Transactions
- Sale
Common Stock
2014-08-27$9.33/sh−1,898$17,708→ 8,102 total - Exercise/Conversion
Restricted Stock Units
2014-08-27−5,000→ 10,000 total→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2014-08-27+5,000→ 10,000 total
Footnotes (4)
- [F1]Vesting of RSUs granted to the Reporting Person on September 28, 2012.
- [F2]All of the shares reported as disposed of in this Form 4 were sold by the Reporting Person in order to pay the federal and state tax withholding obligations resulting from the vesting of the Reporting Person's RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]25% of the restricted stock units ("RSUs") vest on August 27, 2013, then 25% of the RSUs 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 settlement of vested RSUs.