Covisint Corp 4
4 · Covisint Corp · Filed Jul 1, 2015
Insider Transaction Report
Form 4
Covisint CorpCOVS
Inman, III Samuel M.
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2015-07-01$3.27/sh−60,731$198,590→ 121,462 totalFrom: 2015-07-01→ Common stock (60,731 underlying) - Exercise/Conversion
Common stock
2015-07-01$3.27/sh+60,731$198,590→ 60,731 total - Tax Payment
Common stock
2015-07-01$3.27/sh−19,191$62,755→ 41,540 total
Footnotes (3)
- [F1]Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon veseting of restricted stock units. This in not an open market sale of securities.
- [F2]Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- [F3]33.33% of the restricted stock units vested on July 1, 2015, 33.33% of the restricted stock units are schedule to vest on July 1, 2016, and the remaining 33.34% of the restricted stock units are scheduled to vest on July 1, 2017, assuming continued employment through the applicable vesting date.