4//SEC Filing
MUSTACCHI ALAN 4
Accession 0001209191-19-045659
CIK 0001712923other
Filed
Aug 11, 8:00 PM ET
Accepted
Aug 12, 7:59 PM ET
Size
12.8 KB
Accession
0001209191-19-045659
Insider Transaction Report
Form 4
GreenSky, Inc.GSKY
MUSTACCHI ALAN
EVP, Capital Markets
Transactions
- Tax Payment
Class A common stock
2019-08-08$7.60/sh−131,742$1,001,239→ 91,435 total - Exercise/Conversion
Stock Option (right to buy)
2019-08-08−160,000→ 40,000 totalExercise: $5.65Exp: 2024-11-10→ Class A common stock (200,000 underlying) - Exercise/Conversion
Class A common stock
2019-08-08$5.65/sh+160,000$904,000→ 223,177 total
Holdings
- 92,615.14
Class B common stock
- 92,615.14
Holdco Units
→ Class A common stock (92,615.14 underlying)
Footnotes (5)
- [F1]On August 8, 2019, the Reporting Person exercised an outstanding option to purchase 200,000 shares of Class A common stock. The option is subject to a cap of $7.60 per share (i.e., the maximum value that could be received upon exercise of the option is $7.60 per share). The Reporting Person received 28,258 shares of Class A common stock on "net exercise" of the option, and the Company withheld 131,742 shares of Class A common stock underlying the option for payment of the exercise price and tax withholdings (based on the closing price of $7.60 per share on the date the stock option was exercised).
- [F2]The price reported in Column 4 reflects the closing price on the date the stock option was exercised.
- [F3]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.
- [F4]In the the reorganization of GreenSky Holdings, LLC ("GS Holdings") and the creation of the Issuer as a public holding company for GS Holdings (the "Reorganization"), capped options were equitably adjusted so that they would be exercisable for Class A common stock of the Issuer. Options awarded to the Reporting Person on November 10, 2014 represent the right to purchase 200,000 shares of Class A common stock with an exercise price of $5.649 per unit and a cap of $7.60 per unit. The options vest at the rate of 20% per year on the anniversary of the grant date and will fully vest on November 10, 2019, provided that he remains an employee of the Issuer through that date.
- [F5]Pursuant to the Exchange Agreement, dated May 23, 2018, by and among the Issuer, 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.
Documents
Issuer
GreenSky, Inc.
CIK 0001712923
Entity typeother
Related Parties
1- filerCIK 0001641567
Filing Metadata
- Form type
- 4
- Filed
- Aug 11, 8:00 PM ET
- Accepted
- Aug 12, 7:59 PM ET
- Size
- 12.8 KB