4//SEC Filing
Angie's List, Inc. 4
Accession 0001491778-17-000129
CIK 0001491778operating
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 4:18 PM ET
Size
10.5 KB
Accession
0001491778-17-000129
Insider Transaction Report
Form 4
Durchslag Scott A
DirectorPresident & CEO
Transactions
- Tax Payment
Common Stock
2017-06-15$11.82/sh−56,053$662,546→ 426,170 total - Exercise/Conversion
Performance Restricted Stock Units (PRSU)
2017-06-15−119,387→ 417,847 total→ Common Stock (119,387 underlying) - Exercise/Conversion
Common Stock
2017-06-15+119,387→ 482,223 total
Footnotes (6)
- [F1]Reflects the gross number of shares of the Issuer's common stock, before tax, that were to be acquired upon settlement of the corresponding PRSUs listed in Table II. Actual shares were issued net of shares withheld by the Issuer on behalf of the reporting person for tax purposes.
- [F2]Represents the number of shares of the Issuer's common stock withheld by the Issuer on behalf of the reporting person to be applied toward the tax obligation created by the vesting of the corresponding PRSUs listed in Table II. This withholding was completed pursuant to an election of the "withhold to cover" option set forth under the Amended and Restated Omnibus Incentive Plan for such purposes.
- [F3]Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement, and there is no exercise price associated with the PRSUs.
- [F4]On June 15, 2017, Mr. Durchslag earned the third tranche of the PRSUs described in Footnote 5, and accordingly, 119,387 PRSUs vested as of that date. The remaining 119,384 PRSUs under the third tranche of this award will vest ratably on a quarterly basis over a one-year period thereafter, contingent upon continued employment on such vesting dates.
- [F5]On September 8, 2015, Mr. Durchslag was granted 955,084 PRSUs, comprised of four individual tranches, each representing 238,771 PRSUs, with separate performance criteria. The first and second of the four PRSU tranches, representing 477,542 PRSUs, were earned during 2015 and commenced vesting as of the first anniversary of the date of grant. The third PRSU tranche, representing 238,771 PRSUs, was earned on June 15, 2017 and commenced vesting as of that date. If earned, the fourth PRSU tranche would vest one-half upon achievement of the corresponding stock price target, and the remaining one-half of the tranche would vest ratably on a quarterly basis over a one-year period thereafter, contingent upon continued employment on such vesting dates.
- [F6]The first, second and third tranches have been earned and commenced vesting. The fourth PRSU tranche expires if the corresponding stock price target is not achieved within a four-year performance period following the date of grant. Once earned, there is no expiration date with respect to the PRSUs granted. Units will either vest or be forfeited.
Documents
Issuer
Angie's List, Inc.
CIK 0001491778
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001491778
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 4:18 PM ET
- Size
- 10.5 KB