SCIQUEST INC 4
4 · SCIQUEST INC · Filed Mar 20, 2015
Insider Transaction Report
Form 4
SCIQUEST INCSQI
Jamison Teresa
VP of Customer Operations
Transactions
- Award
Restricted Stock Unit
2015-03-18+9,690→ 17,422 total→ Common Stock (9,690 underlying) - Award
Performance-Based Restricted Stock Unit
2015-03-18+9,690→ 9,690 totalFrom: 2018-03-18→ Common Stock (9,690 underlying)
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon vesting without consideration.
- [F2]The RSUs were granted on March 18, 2015 and vest in four equal installments on each anniversary of the grant date until March 18, 2019.
- [F3]Shares of common stock will be issuable with respect to the RSUs upon the earlier to occur of the fifth anniversary of the grant date and a change of control of the Company.
- [F4]Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive shares of common stock upon vesting without consideration based on the performance of the Company's common stock as compared to the Russell 2000 Index (the "Index").
- [F5]The target number of shares issuable pursuant to the PSUs is 9,690, with the actual number of shares issuable being variable based on over- or under-performance of the Company's stock price compared to the Index during the three-year period following the grant date. If the Company's common stock under-performs the Index, the number of shares issuable pursuant to the PSUs will be reduced at a rate of 2 to 1 (two-percentage point reduction in target shares for each percentage point of under-performance). If the Company's common stock outperforms the Index, the number of shares issuable pursuant to the PSUs will be increased at a rate of 2 to 1 (two-percentage point increase in target shares for each percentage point of over-performance), up to 200% of the target shares.
- [F6]The shares subject to the PSUs are to be issued within 30 days following vesting.