Shannon Daniel Patrick 4
4 · Medidata Solutions, Inc. · Filed Feb 14, 2019
Insider Transaction Report
Form 4
Shannon Daniel Patrick
SVP, Professional Services
Transactions
- Award
Common Stock
2019-02-12+18,140→ 75,035 total - Tax Payment
Common Stock
2019-02-13$72.05/sh−1,019$73,419→ 74,016 total - Award
Restricted Stock Units (Performance-Related)
2019-02-12+18,140→ 18,140 totalExercise: $0.00→ Common Stock
Footnotes (3)
- [F1]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.
- [F2]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of previously awarded restricted stock.
- [F3]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.