4//SEC Filing
BROADSOFT, INC. 4
Accession 0001209191-15-010938
CIK 0001086909operating
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 5:36 PM ET
Size
6.1 KB
Accession
0001209191-15-010938
Insider Transaction Report
Form 4
BROADSOFT, INC.BSFT
Geisse Andrew M
Director
Transactions
- Award
Common Stock
2015-02-05+2,608→ 2,608 total
Footnotes (2)
- [F1]Represents shares of common stock underlying restricted stock units (the "RSUs") granted on February 5, 2015 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy"). The RSUs represent a pro-rata amount (the "Pro-Rata Amount") of the $80,000 Annual Equity Retainer (as defined in the Policy) for the remaining 330 days of service in the calendar year 2015 beginning on February 5, 2015. The Pro-Rata Amount of $72,328.77 is obtained by multiplying $80,000 by 330/365. The total number of shares of common stock underlying the RSUs is a result of dividing the Pro-Rata Amount by the closing price of the Issuer's common stock on the date of grant, rounded down to the nearest whole number.
- [F2]The RSUs vest in equal quarterly installments beginning with the last day of the calendar quarter in which the grant was made, such that the award shall fully vest on December 31, 2015, assuming the Reporting Person remains a member of the Board of Directors through the end of the relevant calendar quarter. In the event the Reporting Person's service on the Board of Directors terminates (other than for cause) prior to the end of a calendar quarter, the RSUs granted shall vest pro-rata based on the portion of the calendar quarter during which such Reporting Person served as a director.
Documents
Issuer
BROADSOFT, INC.
CIK 0001086909
Entity typeoperating
Related Parties
1- filerCIK 0001086909
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 5:36 PM ET
- Size
- 6.1 KB