MINDBODY, Inc. 4
4 · MINDBODY, Inc. · Filed Jun 16, 2017
Insider Transaction Report
Form 4
Cunningham Court
Director
Transactions
- Award
Class A Common Stock
2017-06-14+12,939→ 12,939 total
Footnotes (1)
- [F1]Pursuant to the Issuer's Outside Director Compensation Policy, the reported securities represent the automatic initial grant of restricted stock units ("RSUs") to the reporting person upon his election to the Issuer's Board of Directors on June 14, 2017. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Subject to the reporting person's continuing to be a Service Provider (as defined in the Issuer's 2015 Equity Incentive Plan) through each applicable vesting date, the RSUs subject to the award will vest as follows: one-fourth (1/4th) of the RSUs will vest on June 14, 2018, and one-fourth (1/4th) of the RSUs will vest on each successive June 14 thereafter, until fully vested.