4//SEC Filing
Otner Michael I. 4
Accession 0001453814-19-000014
CIK 0001453814other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 5:00 PM ET
Size
12.7 KB
Accession
0001453814-19-000014
Insider Transaction Report
Form 4
Otner Michael I.
EVP-General Counsel
Transactions
- Award
Common Stock
2019-02-12$71.98/sh+25,490$1,834,770→ 83,627 total - Tax Payment
Common Stock
2019-02-12$71.98/sh−10,538$758,525→ 73,089 total - Award
Common Stock
2019-02-12+12,698→ 85,787 total - Tax Payment
Common Stock
2019-02-13$72.05/sh−1,648$118,738→ 84,139 total - Award
Restricted Stock Units (Performance-Related)
2019-02-12+12,698→ 12,698 totalExercise: $0.00→ Common Stock
Footnotes (6)
- [F1]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.
- [F2]Included are 119 shares which were purchased pursuant to the terms of the Medidata Solutions, Inc. Employee Stock Purchase Plan on December 31, 2018.
- [F3]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of the PBRSU award referenced above.
- [F4]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.
- [F5]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of previously awarded restricted stock.
- [F6]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.
Documents
Issuer
Medidata Solutions, Inc.
CIK 0001453814
Entity typeother
Related Parties
1- filerCIK 0001569033
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 5:00 PM ET
- Size
- 12.7 KB