4//SEC Filing
SCIQUEST INC 4
Accession 0001209191-16-134366
CIK 0001082526operating
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 9:30 AM ET
Size
23.6 KB
Accession
0001209191-16-134366
Insider Transaction Report
Form 4
SCIQUEST INCSQI
Nelson Steven
Director
Transactions
- Disposition to Issuer
Restricted Stock Unit
2016-07-28−2,085→ 0 total→ Common Stock (2,085 underlying) - Disposition to Issuer
Restricted Stock Unit
2016-07-28−8,481→ 0 total→ Common Stock (8,481 underlying) - Disposition to Issuer
Common Stock
2016-07-28$17.75/sh−8,269$146,775→ 0 total - Disposition to Issuer
Restricted Stock Unit
2016-07-28−7,385→ 0 total→ Common Stock (7,385 underlying) - Disposition to Issuer
Restricted Stock Unit
2016-07-28−1,505→ 0 total→ Common Stock (1,505 underlying) - Disposition to Issuer
Restricted Stock Unit
2016-07-28−3,169→ 0 total→ Common Stock (3,169 underlying)
Footnotes (7)
- [F1]Disposed of pursuant to the Merger Agreement.
- [F2]The restricted stock units convert into the right to receive an amount in cash equal to the product of (i) the total number of shares subject to such restricted stock unit and (ii) the per share merger consideration, less applicable taxes required to be withheld with respect to such payment.
- [F3]On July 31, 2012, the reporting person was granted 8,895 restricted stock units, vesting on July 31, 2013. Once vested, (i) 1,510 of the shares of common stock subject to this restricted stock unit were immediately issued and (ii) the remaining 7,385 of the shares subject to this restricted stock unit were to be issued upon the termination of the reporting person's service on the Board of Directors. Pursuant to the Merger Agreement, the remaining restricted stock units were cancelled in exchange for a cash payment of $131,083.75, which represents the product of (i) the aggregate number of remaining shares of common stock subject to such restricted stock units (7,385 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.
- [F4]On April 24, 2013, the reporting person was granted 3,010 restricted stock units, vesting on April 24, 2014. Once vested, (i) 50% of the shares of common stock subject to this restricted stock unit were immediately issued and (ii) 50% of the shares subject to this restricted stock unit were to be issued upon the termination of the reporting person's service on the Board of Directors. Pursuant to the Merger Agreement, the remaining restricted stock units were cancelled in exchange for a cash payment of $26,713.75, which represents the product of (i) the aggregate number of remaining shares of common stock subject to such restricted stock units (1,505 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.
- [F5]On April 30, 2014, the reporting person was granted 4,170 restricted stock units, vesting on April 30, 2015. Once vested, (i) 50% of the shares of common stock subject to this restricted stock unit were immediately issued and (ii) 50% of the shares subject to this restricted stock unit were to be issued upon the termination of the reporting person's service on the Board of Directors. Pursuant to the Merger Agreement, the remaining restricted stock units were cancelled in exchange for a cash payment of $37,008.75, which represents the product of (i) the aggregate number of remaining shares of common stock subject to such restricted stock units (2,085 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.
- [F6]On April 29, 2015, the reporting person was granted 6,338 restricted stock units, vesting on April 29, 2016. Once vested, (i) 50% of the shares of common stock subject to this restricted stock unit were immediately issued and (ii) 50% of the shares subject to this restricted stock unit were to be issued upon the termination of the reporting person's service on the Board of Directors. Pursuant to the Merger Agreement, the remaining restricted stock units were cancelled in exchange for a cash payment of $56,249.75, which represents the product of (i) the aggregate number of remaining shares of common stock subject to such restricted stock units (3,169 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.
- [F7]On April 27, 2016, the reporting person was granted 8,481 restricted stock units, vesting on April 27, 2017. As the restricted stock units were not vested on July 28, 2016, the time of the Merger, the restricted stock units have been cancelled and forfeited for no consideration pursuant to the Merger Agreement.
Issuer
SCIQUEST INC
CIK 0001082526
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001082526
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 9:30 AM ET
- Size
- 23.6 KB