Spero Benjamin C. 4
4 · SVMK Inc. · Filed Aug 7, 2019
Insider Transaction Report
Form 4
SVMK Inc.SVMK
Spero Benjamin C.
Director
Transactions
- Award
Stock Option (Right to Buy)
2019-08-05+10,192→ 10,192 totalExercise: $18.11Exp: 2029-08-05→ Common Stock (10,192 underlying)
Footnotes (2)
- [F1]Grant of Stock Options ("NSOs"). 1/4th of the total number of NSOs will vest on 08/15/2019 and 1/4th of the total number of NSOs will vest quarterly thereafter for the remaining 3 quarters, subject to the Reporting Person's continued service to the Company until fully vested.
- [F2]Under an agreement with Spectrum Equity, the Reporting Person is deemed to hold the NSOs 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 NSOs and the underlying common stock except to the extent of his pecuniary interest therein.