Mellott Russell 4
4 · MODEL N, INC. · Filed Dec 12, 2018
Insider Transaction Report
Form 4
MODEL N, INC.MODN
Mellott Russell
SVP and Chief Revenue Officer
Transactions
- Award
Common Stock
2018-11-30+21,090→ 184,832 total - Award
Common Stock
2018-11-30+9,035→ 193,867 total
Footnotes (2)
- [F1]Issuable upon the 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 the 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 operating metrics, between a minimum of 50% and a maximum of 150%, the PB-RSUs will vest as to 50% on each of the second and third annual 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.