Rickard Lois Elizabeth 4
4 · GreenSky, Inc. · Filed May 31, 2018
Insider Transaction Report
Form 4
GreenSky, Inc.GSKY
Rickard Lois Elizabeth
Chief Human Resources Officer
Transactions
- Sale
Class B common stock
2018-05-29−46,234.32→ 54,200.46 total - Sale
Holdco Units
2018-05-29$21.85/sh−46,234.32$1,010,220→ 54,200.46 total→ Class A common stock (46,234.32 underlying)
Holdings
- 33,478.26
Class B common stock
- 35,000
Class B common stock
- 33,478.26
Holdco Units
→ Class A common stock (33,478.26 underlying) - 35,000
Holdco Units
→ Class A common stock (35,000 underlying)
Footnotes (6)
- [F1]Represents Holdco Units purchased by the Issuer in connection with its initial public offering, and shares of Class B common stock automatically cancelled upon such purchase.
- [F2]The Class B common stock entitles holders to ten votes per share, votes as a single class with the Class A common stock, has no economic rights and is subject to forfeiture upon exchange of the Reporting Person's Holdco Units as described below.
- [F3]These Holdco Units, and corresponding shares of Class B common stock, vest at the rate of 20% per year and are subject to remaining vesting dates of September 8, 2018, September 8, 2019, and September 8, 2020, provided that Ms. Rickard remains an employee of the Issuer through those dates.
- [F4]These Holdco Units, and corresponding shares of Class B common stock, vest at the rate of 20% per year and are subject to remaining vesting dates of May 18, 2019, May 18, 2020, and May 18, 2021, provided that Ms. Rickard remains an employee of the Issuer through those dates.
- [F5]These Holdco Units, and corresponding shares of Class B common stock, vest at the rate of 20% per year and are subject to remaining vesting dates of March 1, 2019, March 1, 2020, March 1, 2021, March 1, 2022, and March 1, 2023, provided that Ms. Rickard remains an employee of the Issuer through those dates.
- [F6]Pursuant to the Exchange Agreement, dated May 23, 2018, by and among the Issuer, GreenSky Holdings, LLC ("GS Holdings") and the members of GS Holdings, the Holdco Units may be exchanged by the Reporting Person (with automatic cancellation of an equal number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions, stock repurchases and other reinvestments of excess cash, or for cash (based on the market price of the shares of Class A common stock), at the Issuer's option.