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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $ 7.708 | 10/27/2017 | M | 7,390 | (4) | 06/27/2023 | Class B Common Stock | 7,390 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 10.616 | 10/27/2017 | M | 1,485 | (5) | 09/20/2024 | Class B Common Stock | 1,485 | $ 0 | 11,015 | D | ||||
Class B Common Stock | (6) | 10/27/2017 | M | 8,875 | (6) | (6) | Class A Common Stock | 8,875 | $ 0 | 8,875 | D | ||||
Class B Common Stock | (6) | 10/27/2017 | C | 8,875 | (6) | (6) | Class A Common Stock | 8,875 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Wills Bradford Lee 4051 BROAD STREET SUITE 220 SAN LUIS OBISPO, CA 93401 |
Chief Strategy Officer |
/s/ Kimberly G. Lytikainen | 10/31/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each share of Class A Common Stock was issued upon the conversion of one share of Class B common Stock at the election of Reporting Person. |
(2) | Includes 21,704 restricted stock units ("RSUs"), where each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. |
(3) | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. |
(4) | 25% of the shares subject to the option vested on June 27, 2014, and 2.0833% of the shares vested monthly thereafter, such that the option award was fully vested as of June 27, 2017. |
(5) | 1/48th of the shares subject to the option vested on September 7, 2014, and 1/48th of the shares vest monthly thereafter. |
(6) | Each share of Class B Common Stock is convertible into one share of Class A common Stock at the option of the holder and has no expiration date. |