MODEL N, INC. 4
4 · MODEL N, INC. · Filed Mar 3, 2015
Insider Transaction Report
Form 4
MODEL N, INC.MODN
LaRoche Michael
SVP, GLOBAL CUST. SVCS & SUPPT
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-02-27−16,667→ 16,666 total→ Common Stock (16,667 underlying) - Exercise/Conversion
Common Stock
2015-02-27+16,667→ 55,373 total
Footnotes (3)
- [F1]Issued upon the vesting of Restricted Stock Units ("RSUs").
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]50% of the RSUs vested on February 27, 2015. 25% of the RSUs will vest on each annual 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.