4//SEC Filing
SCIQUEST INC 4
Accession 0001209191-15-028276
CIK 0001082526operating
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 5:16 PM ET
Size
13.1 KB
Accession
0001209191-15-028276
Insider Transaction Report
Form 4
SCIQUEST INCSQI
Jamison Teresa
VP of Customer Operations
Transactions
- Award
Restricted Stock Unit
2015-03-18+9,690→ 17,422 total→ Common Stock (9,690 underlying) - Award
Performance-Based Restricted Stock Unit
2015-03-18+9,690→ 9,690 totalFrom: 2018-03-18→ Common Stock (9,690 underlying)
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon vesting without consideration.
- [F2]The RSUs were granted on March 18, 2015 and vest in four equal installments on each anniversary of the grant date until March 18, 2019.
- [F3]Shares of common stock will be issuable with respect to the RSUs upon the earlier to occur of the fifth anniversary of the grant date and a change of control of the Company.
- [F4]Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive shares of common stock upon vesting without consideration based on the performance of the Company's common stock as compared to the Russell 2000 Index (the "Index").
- [F5]The target number of shares issuable pursuant to the PSUs is 9,690, with the actual number of shares issuable being variable based on over- or under-performance of the Company's stock price compared to the Index during the three-year period following the grant date. If the Company's common stock under-performs the Index, the number of shares issuable pursuant to the PSUs will be reduced at a rate of 2 to 1 (two-percentage point reduction in target shares for each percentage point of under-performance). If the Company's common stock outperforms the Index, the number of shares issuable pursuant to the PSUs will be increased at a rate of 2 to 1 (two-percentage point increase in target shares for each percentage point of over-performance), up to 200% of the target shares.
- [F6]The shares subject to the PSUs are to be issued within 30 days following vesting.
Issuer
SCIQUEST INC
CIK 0001082526
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001082526
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 5:16 PM ET
- Size
- 13.1 KB