4//SEC Filing
Bankrate, Inc. 4
Accession 0001214659-15-000947
CIK 0001518222operating
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 6:35 PM ET
Size
11.4 KB
Accession
0001214659-15-000947
Insider Transaction Report
Form 4
Bankrate, Inc.RATE
Ross Donaldson M
SVP-Chief Revenue Officer
Transactions
- Award
Common Stock
2015-02-02+31,993→ 225,923 total - Tax Payment
Common Stock
2015-02-03$12.97/sh−4,360$56,549→ 221,563 total - Award
2015 Performance Shares
2015-02-02+74,650→ 74,650 total
Holdings
- 76,276
2014 Performance Shares
Footnotes (7)
- [F1]Grant of shares of restricted stock pursuant to the Bankrate, Inc. 2011 Equity Compensation Plan, exempt under Rule 16b-3. One-third of the restricted shares will vest on each of the first, second, and third anniversaries of the date of grant, subject to continued employment through the applicable anniversary and also to full or partial acceleration of vesting in the event of certain terminations of employment or the occurrence of certain terminations of employment following a change in control.
- [F2]Includes 94,382 restricted shares.
- [F3]Grant of performance shares pursuant to the Bankrate, Inc. 2011 Equity Compensation Plan, exempt under Rule 16b-3. The actual number of shares of common stock that will vest will depend on the Company's financial performance in respect of the 2015 and 2016 calendar years and could be as many as one and a half times the number of performance shares initially granted or as few as zero shares. Half of the shares that are earned will vest following the determination of the award value following the end of 2016 and the remaining half will vest on the third anniversary of the grant date, subject to continued employment through the applicable vesting dates. The shares are also subject to full or partial acceleration in the event of certain terminations of employment or the occurrence of certain terminations of employment following a change in control.
- [F4]Represents the "target" number of shares of common stock. The actual number of shares that will vest could be less than or greater than the target number, depending on the level of performance achieved.
- [F5]Represents shares surrendered by the reporting person to Bankrate, Inc. to satisfy withholding tax obligations due upon vesting of restricted stock previously awarded to the reporting person.
- [F6]Includes 83,268 restricted shares.
- [F7]Represents the "target" number of shares of common stock. The actual number of shares of common stock that will vest will depend on the Company's financial performance in respect of the 2014 and 2015 calendar years and could be as many as one and a half times the number of performance shares initially granted or as few as zero shares. Half of the shares that are earned will vest following the determination of the award value following the end of 2015 and the remaining half will vest on the third anniversary of the grant date, subject to continued employment through the applicable vesting dates. The shares are also subject to full or partial acceleration in the event of certain terminations of employment or the occurrence of certain terminations of employment following a change in control.
Documents
Issuer
Bankrate, Inc.
CIK 0001518222
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001518222
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 6:35 PM ET
- Size
- 11.4 KB