FORRESTER RESEARCH, INC. 4
4 · FORRESTER RESEARCH, INC. · Filed Aug 3, 2016
Insider Transaction Report
Form 4
Morhardt Michael
Chief Sales Officer
Transactions
- Award
Restricted Stock Units
2016-08-01+9,284→ 9,284 totalExercise: $0.00→ common stock (9,284 underlying) - Tax Payment
Common Stock
2016-08-01$40.39/sh−542$21,891→ 6,791 total - Exercise/Conversion
Restricted Stock Units
2016-08-01−1,667→ 3,333 totalExercise: $0.00→ common stock (1,667 underlying) - Exercise/Conversion
Common Stock
2016-08-01+1,667→ 7,333 total
Footnotes (6)
- [F1]Represents the conversion, upon vesting, of restricted stock units into common stock.
- [F2]Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on August 1, 2016 of the restricted stock units awarded to the reporting person on August 1, 2014. The award includes a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the award.
- [F3]Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
- [F4]On August 1, 2014, the reporting person was granted 6667 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
- [F5]Each Restricted Stock Unit is the equivalent of one share of Forrester Research, Inc. common stock.
- [F6]Unless earlier forfeited under the terms of the RSU, the award vests and converts into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.