de Vries Glen Michael 4
4 · Medidata Solutions, Inc. · Filed Feb 14, 2019
Insider Transaction Report
Form 4
de Vries Glen Michael
DirectorPresident
Transactions
- Gift
Common Stock
2018-04-27−13,970→ 714,340 total - Award
Common Stock
2019-02-12$71.98/sh+152,944$11,008,909→ 867,600 total - Tax Payment
Common Stock
2019-02-12$71.98/sh−79,365$5,712,693→ 788,235 total - Award
Common Stock
2019-02-12+40,633→ 828,868 total - Tax Payment
Common Stock
2019-02-13$72.05/sh−8,900$641,245→ 819,968 total - Award
Restricted Stock Units (Performance-Related)
2019-02-12+75,461→ 75,461 totalExercise: $0.00→ Common Stock
Footnotes (7)
- [F1]Bona fide gift by the Reporting Person for no consideration.
- [F2]Represents restricted stock units earned in connection with a performance-based restricted stock unit ("PBRSU") award on February 26, 2016, based on achievement of certain TSR performance targets for the three years ended December 31, 2018. The restricted stock units were settled at 200% of the target grant amount. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]Included are 186 shares which were purchased pursuant to the terms of the Medidata Solutions, Inc. Employee Stock Purchase Plan on June 30, 2018; and 130 shares which were purchased pursuant to the terms of the Medidata Solutions, Inc. Employee Stock Purchase Plan on December 31, 2018.
- [F4]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of the PBRSU award referenced above.
- [F5]Award of shares of restricted stock under the issuer's 2017 Long-Term Incentive Plan (the "2017 LTIP") on February 12, 2019. The restrictions will lapse with respect to one-fourth of the shares on each of February 12, 2020, February 12, 2021, February 12, 2022, and February 12, 2023.
- [F6]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of previously awarded restricted stock.
- [F7]Award of PBRSUs under the 2017 LTIP on February 12, 2019. The number of PBRSUs represents a target amount. Each PBRSU represents a contingent right to receive 0-225% 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, 2021, and (ii) 50% based on the Company's revenue attainment for the three years ending December 31, 2021. The shares will vest immediately upon being earned.