DAVIS BRUCE L 4
4 · Digimarc CORP · Filed Dec 15, 2020
Insider Transaction Report
Form 4
Digimarc CORPDMRC
DAVIS BRUCE W
Chairman and CEO
Transactions
- Tax Payment
Common Stock
2020-12-11$52.37/sh−117,083$6,131,637→ 82,917 total - Sale
Common Stock
2020-12-14$50.99/sh−32,917$1,678,438→ 50,000 total - Exercise/Conversion
Common Stock
2020-12-11$30.50/sh+150,000$4,575,000→ 200,000 total - Exercise/Conversion
Non-Qualified Stock Options
2020-12-11−150,000→ 0 totalExercise: $30.50From: 2017-12-01Exp: 2027-09-01→ Common Stock (150,000 underlying)
Holdings
- 5,000
Series A Redeemable Nonvoting Preferred Stock
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 32,917 shares of common stock on net exercise of option to purchase 150,000 shares of common stock. The Company withheld 117,083 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 11, 2020 of $52.37.
- [F2]The price reported on this transaction is an average price. Shares were sold in multiple transactions at prices ranging from $50.25 to $52.15. If requested, the reporting person will provide information regarding the number of shares sold at each separate price within this range to Digimarc, any security holder of Digimarc, or the staff of the Securities and Exchange Commission.