INSTRUCTURE INC 4
4 · INSTRUCTURE INC · Filed May 24, 2016
Insider Transaction Report
Form 4
INSTRUCTURE INCINST
WATERHOUSE LLOYD G
Director
Transactions
- Exercise/Conversion
Common Stock
2016-05-24+10,937→ 29,687 total - Exercise/Conversion
Restricted Stock Units
2016-05-24−10,937→ 10,938 total→ Common Stock (10,937 underlying)
Footnotes (3)
- [F1]The restricted stock units (the "RSU") convert into the Issuer's Common Stock on a one-for-one basis.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- [F3]On November 12, 2015, the Reporting Person was granted an RSU for 21,875 shares of the Issuer's Common Stock, vesting annually for so long as the Reporting Person provides continuous service to the Issuer with (i) 50% vesting on the last market trading day immediately prior to Issuer's first annual stockholder meeting held after November 12, 2015, which vesting date is May 24, 2016, and (ii) 50% on the last market trading day immediately prior to Issuer's second annual stockholder meeting held after November 12, 2015.