IMPERVA INC 4
4 · IMPERVA INC · Filed Feb 8, 2017
Insider Transaction Report
Form 4
IMPERVA INCIMPV
Shulman Amichai
Chief Technology Officer
Transactions
- Award
Restricted Stock Units
2017-02-06+8,400→ 8,400 totalExp: 2027-02-05→ Common Stock (8,400 underlying) - Award
Restricted Stock Units
2017-02-06+3,104→ 3,104 totalExp: 2026-01-31→ Common Stock (3,104 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer upon vesting.
- [F2]The restricted stock units vest as follows: 25% of the underlying shares vest one year following the vesting commencement date of February 15, 2017, with the remaining 75% vesting in equal quarterly installments over the next three years. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances following a change in control of the Issuer.
- [F3]The Issuer has up to 30 days following vesting to settle. The actual expiration date will be immediately following settlement.
- [F4]On February 1, 2016, the compensation committee of the board of directors granted performance-based restricted stock units subject to the issuer's achievement of performance conditions for the year ended December 31, 2016. On February 6, 2017, the compensation committee determined that the performance conditions had been achieved at 37.86% of the target and awarded the restricted stock units, which vest as to 12.5% of the underlying shares on February 15, 2017, with the remainder vesting quarterly in 12.5% increments. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances following a change in control of the issuer.