IMPERVA INC 4
4 · IMPERVA INC · Filed Feb 3, 2016
Insider Transaction Report
Form 4
IMPERVA INCIMPV
Shaya Yaniv
VP, Engineering
Transactions
- Award
Restricted Stock Units
2016-02-01+20,000→ 20,000 totalExp: 2025-02-02→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer upon vesting.
- [F2]On February 3, 2015, the compensation committee of the board of directors granted performance-based restricted stock units subject to the issuer's achievement of performance conditions for the year ended December 31, 2015. On February 1, 2016, the compensation committee determined that the performance conditions had been achieved at the maximum level and awarded the restricted stock units, which vest as to 25% of the underlying shares on February 15, 2016, with the remaining 75% vesting in three equal quarterly installments thereafter. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances following a change in control of the issuer.
- [F3]The Issuer has up to 30 days following vesting to settle. The actual expiration date will be immediately following settlement.