Spero Benjamin C. 4
4 · SVMK Inc. · Filed Jun 13, 2019
Insider Transaction Report
Form 4
SVMK Inc.SVMK
Spero Benjamin C.
Director
Transactions
- Award
Common Stock
2019-06-11+5,096→ 30,827 total
Holdings
- 26,792(indirect: See Footnote)
Common Stock
- 5,673,681(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]Grant of Restricted Stock Units ("RSUs") 1/4th of the total number of RSUs will vest on 08/15/2019 and 1/4th of the total number of RSUs will vest quarterly thereafter for the remaining 3 quarters, subject to the Reporting Person's continued service to the Company until fully vested.
- [F2]Certain of these securities are restricted stock units, the beneficial ownership of which the Reporting Person disclaims in footnote (3) below. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock, subject to the applicable vesting schedule and conditions.
- [F3]Under an agreement with Spectrum Equity, the Reporting Person is deemed to hold the RSUs included herein for the indirect benefit of: (i) SEI V SM AIV, L.P. ("SEI V"), the general partner of which is Spectrum Equity Associates V, L.P., the general partner of which is SEA V Management, LLC ("SEA V LLC"); and (ii) Spectrum V Investment Managers' Fund, LP ("IMF"), the general partner of which is SEA V LLC. The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the reported RSUs and the underlying common stock except to the extent of his pecuniary interest therein.
- [F4]Shares are held by SEI V. The general partner of SEI V is Spectrum Equity Associates V, L.P., the general partner of which is SEA V LLC. The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
- [F5]Shares are held by IMF. The general partner of IMF is SEA V LLC. The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.