4//SEC Filing
Medidata Solutions, Inc. 4
Accession 0001453814-17-000049
CIK 0001453814operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 6:29 PM ET
Size
13.9 KB
Accession
0001453814-17-000049
Insider Transaction Report
Form 4
Capone Michael L
Chief Operating Officer
Transactions
- Award
Common Stock
2017-02-23+43,186→ 182,442 total - Exercise/Conversion
Common Stock
2017-02-24+9,439→ 191,881 total - Tax Payment
Common Stock
2017-02-24$55.60/sh−8,764$487,278→ 179,627 total - Award
Restricted Stock Units (Performance-Related)
2017-02-23+43,186→ 43,186 totalExercise: $0.00→ Common Stock - Tax Payment
Common Stock
2017-02-24$55.60/sh−3,490$194,044→ 188,391 total - Tax Payment
Common Stock
2017-02-24$55.60/sh−2,873$159,739→ 176,754 total
Footnotes (5)
- [F1]Award of shares of restricted stock under the issuer's Second Amended & Restated 2009 Long-Term Incentive Plan (the "2009 LTIP") on February 23, 2017. The restrictions will lapse with respect to one-fourth of the shares on each of February 23, 2018, February 23, 2019, February 23, 2020, and February 23, 2021.
- [F2]Represents restricted stock units earned in connection with a performance-based restricted stock unit ("PBRSU") award on February 13, 2015, based on achievement of certain TSR performance targets for the two years ended December 31, 2016. The restricted stock units were settled at 127% of the target grant amount. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of the PBRSU award referenced above.
- [F4]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of previously awarded restricted stock.
- [F5]Award of PBRSUs under the 2009 LTIP on February 23, 2017. The number of PBRSUs represents a target amount. Each PBRSU represents a contingent right to receive 0-200% of that target number of shares of the issuer's common stock, (i) 50% based on the issuer's TSR as compared to the TSR of companies in the Russell 2000 Index for the three years ending December 31, 2019, and (ii) 50% based on the Company's GAAP Net Income attainment for the three years ending December 31, 2019. The shares will vest immediately upon being earned.
Documents
Issuer
Medidata Solutions, Inc.
CIK 0001453814
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001453814
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 6:29 PM ET
- Size
- 13.9 KB