4//SEC Filing
MCDONALD JOHN T 4
Accession 0001505155-25-000006
CIK 0001505155other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 5:17 PM ET
Size
8.9 KB
Accession
0001505155-25-000006
Insider Transaction Report
Form 4
MCDONALD JOHN T
DirectorCEO10% Owner
Transactions
- Award
Performance Share Unit
2025-01-28+250,000→ 250,000 totalExercise: $0.00Exp: 2028-02-28→ Common Stock (250,000 underlying) - Award
Common Stock
2025-01-28+250,000→ 2,513,793 total
Holdings
- 363,738(indirect: By National Financial Services as Cust FBO J. McDonald RRA)
Common Stock
Footnotes (3)
- [F1]The restricted stock units vest in twelve equal quarterly installments starting on the three (3) month anniversary of the Vesting Commencement Date of December 16, 2024, provided that the participant continues to be a service provider through each such vesting date, except as otherwise specified in the Executive Employment Agreement between the Company and participant.
- [F2]Does not include 125,000 shares of common stock held in a trust for the benefit of Mr. McDonald's children of which The Bryn Mawr Trust Company of Delaware is the trustee.
- [F3]0% to 300% of these Performance Stock Units ("PSUs") may vest based on the achievement of the Company's total stockholder return ("TSR") goals for any 30 consecutive trading days immediately preceding any such date during the period beginning on February 28, 2025, and ending on February 28, 2028, the Performance Period. The percentage of PSUs that may vest will be a) 0% if TSR is below 5%, b) 50% if TSR is 5%, c) 62.5% if TSR is 6.25%, d) 75% if TSR is 7.50%, e) 87.5% if TSR is 8.75%, f) 100% if TSR is 10%, g) 125% if TSR is 11.25%, h) 150% if TSR is 12.50%, i) 175% if TSR is 13.75%, j) 200% if TSR is 15%, k) 225% if TSR is 16.75%, l) 250% if TSR is 18.50%, m) 275% if TSR is 19.25%, and n) 300% if TSR is 20% or greater. The percentage of PSUs that may vest is determined using linear interpolation.
Documents
Issuer
Upland Software, Inc.
CIK 0001505155
Entity typeother
Related Parties
1- filerCIK 0001094792
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 5:17 PM ET
- Size
- 8.9 KB