Foundation Medicine, Inc. 4
4 · Foundation Medicine, Inc. · Filed Jun 5, 2017
Insider Transaction Report
Form 4
Daly David
Chief Commercial Officer
Transactions
- Sale
Common Stock
2017-06-01$38.30/sh−555$21,257→ 122,577 total
Footnotes (2)
- [F1]Represents the number of shares required to be sold by the reporting person to cover the tax withholding obligation in connection with the vesting of restricted stock units on May 31, 2017. This sale is mandated by the Issuer's election under its equity incentive plans to require the reporting person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the reporting person.
- [F2]The reporting person previously reported the restricted stock units granted to the reporting person on December 5, 2014 in Table I of the Form 4 filed on December 9, 2014. As such, no adjustment to the reporting person's beneficial interest needs to be made to reflect the vesting event related to this securities sale.