4//SEC Filing
BROADSOFT, INC. 4
Accession 0001209191-17-003027
CIK 0001086909operating
Filed
Jan 8, 7:00 PM ET
Accepted
Jan 9, 6:01 PM ET
Size
8.1 KB
Accession
0001209191-17-003027
Insider Transaction Report
Form 4
BROADSOFT, INC.BSFT
Geisse Andrew M
Director
Transactions
- Award
Common Stock
2017-01-05+2,951→ 10,627 total - Award
Common Stock
2017-01-05$42.35/sh+1,062$44,976→ 11,689 total
Footnotes (2)
- [F1]Represents shares of common stock underlying restricted stock units (the "RSUs") granted on January 5, 2017 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") in respect of the $125,000 Annual Equity Retainer (as defined in the Policy). The total number of shares of common stock underlying RSUs is a result of dividing the Annual Equity Retainer by the closing price of the Issuer's common stock on the date of issue, rounded down to the nearest whole number. The RSUs vest 25% on the last day of each 2017 calendar quarter assuming the Reporting Person remains a member of the Board of Directors through the end of the relevant calendar quarter. In the event the Reporting Person's service on the Board terminates (other than for cause) prior to the end of a calendar quarter, the RSUs granted shall vest pro-rata based on the portion of the calendar quarter during which such Reporting Person served as a director.
- [F2]Represents 1,062 shares of common stock underlying the RSUs issued to the Reporting Person in lieu of the $45,000 Annual Cash Retainer (as defined in the Policy) for the 2017 calendar year. The total number of shares of common stock underlying the RSUs is a result of dividing the Annual Cash Retainer by the closing price of the Issuer's common stock on the date of issue, rounded down to the nearest whole number. The RSUs vest 25% on the last day of each 2017 calendar quarter assuming the Reporting Person remains a member of the Board of Directors through the end of the relevant calendar quarter. In the event the Reporting Person's service on the Board terminates (other than for cause) prior to the end of a calendar quarter, the RSUs granted shall vest pro-rata based on the portion of the calendar quarter during which such Reporting Person served as a director.
Documents
Issuer
BROADSOFT, INC.
CIK 0001086909
Entity typeoperating
Related Parties
1- filerCIK 0001086909
Filing Metadata
- Form type
- 4
- Filed
- Jan 8, 7:00 PM ET
- Accepted
- Jan 9, 6:01 PM ET
- Size
- 8.1 KB