SCIQUEST INC 4
4 · SCIQUEST INC · Filed May 3, 2016
Insider Transaction Report
Form 4
SCIQUEST INCSQI
Nelson Steven
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit
2016-04-29−3,169→ 22,625 totalFrom: 2016-04-29→ Common Stock (3,169 underlying) - Exercise/Conversion
Common Stock
2016-04-29+3,169→ 8,269 total
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of common stock upon vesting without consideration.
- [F2]This restricted stock unit vests in its entirety on the first anniversary of the date of grant. Once vested, (i) 50% of the shares subject to this restricted stock unit are immediately issuable upon vesting and (ii) 50% of the shares subject to this restricted stock unit shall be issuable upon the termination of the reporting person's service on the Board of Directors.