WATERHOUSE LLOYD G 4
4 · INSTRUCTURE INC · Filed May 28, 2019
Insider Transaction Report
Form 4
INSTRUCTURE INCINST
WATERHOUSE LLOYD G
Director
Transactions
- Exercise/Conversion
Common Stock
2019-05-23+6,718→ 52,436 total - Award
Restricted Stock Units
2019-05-24+8,115→ 8,115 total→ Common Stock (8,115 underlying) - Exercise/Conversion
Restricted Stock Units
2019-05-23−6,718→ 0 total→ Common Stock (6,718 underlying)
Footnotes (4)
- [F1]The restricted stock units (the "RSU") convert into Issuer's Common Stock on a one-for-one basis.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- [F3]On May 25, 2017, the Reporting Person was granted an RSU for 13,435 shares of the Issuer's Common Stock, vesting annually for so long as the Reporting Person provides continuous service to the Issuer with (i) 50% vesting on the last market trading day immediately prior to Issuer's first annual stockholder meeting held after May 25, 2017, which vesting date was May 23, 2018, and (ii) 50% on the last market trading day immediately prior to Issuer's second annual stockholder meeting held after May 25, 2017, which vesting date was May 23, 2019.
- [F4]On May 24, 2019, the Reporting Person was granted an RSU for 8,115 shares of the Issuer's Common Stock, vesting annually for so long as the Reporting Person provides continuous service to the Issuer with (i) 50% vesting on the last market trading day immediately prior to Issuer's first annual stockholder meeting held after May 24, 2019, and (ii) 50% on the last market trading day immediately prior to Issuer's second annual stockholder meeting held after May 24, 2019.