MODEL N, INC. 4
4 · MODEL N, INC. · Filed Dec 1, 2014
Insider Transaction Report
Form 4
MODEL N, INC.MODN
LaRoche Michael
SVP, GLOBAL CUST. SVCS & SUPPT
Transactions
- Sale
Common Stock
2014-11-28$10.34/sh−1,636$16,916→ 38,706 total - Sale
Common Stock
2014-11-28$10.34/sh−3,417$35,332→ 40,342 total
Footnotes (3)
- [F1]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 Performance-Based Restricted Stock Units ("PB-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.
- [F2]Includes an additional 5,450 shares of common stock issued upon the vesting of PB-RSU awards in connection with the achievement of 209% of certain performance criteria related to the Reporting Person's PB-RSUs.
- [F3]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 restricted stock units ("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.