Mellott Russell 4
4 · MODEL N, INC. · Filed Mar 13, 2018
Insider Transaction Report
Form 4
MODEL N, INC.MODN
Mellott Russell
SVP and Chief Revenue Officer
Transactions
- Award
Common Stock
2018-03-10+12,084→ 152,293 total - Award
Common Stock
2018-03-10+12,084→ 164,377 total
Footnotes (2)
- [F1]Issuable upon vesting of Restricted Stock Units ("RSUs"). 6.25% of the RSUs will vest on each quarterly anniversary of the vesting commencement date until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- [F2]Issuable upon vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon total stockholder return, between a minimum of 0% and a maximum of 200%, the PB-RSUs will vest as to 50% on each of the second and third anniversary of the vesting commencement date until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.