Filing Details

Accession Number:
0001181431-12-043435
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-08-03 13:41:58
Reporting Period:
2012-08-01
Filing Date:
2012-08-03
Accepted Time:
2012-08-03 13:41:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1163932 Active Network Inc ACTV Services-Prepackaged Software (7372) 330884962
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1515055 Scott Schultz 10182 Telesis Court
Suite 100
San Diego CA 92121
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2012-08-01 6,071 $7.88 6,071 No 4 M Direct
Common Stock Disposition 2012-08-01 6,071 $14.17 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2012-08-01 6,071 $0.00 6,071 $7.88
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
25,555 2011-03-24 2021-03-24 No 4 M Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 14, 2012.
  2. The sale prices for this transaction range from $14.05 to $14.27; the filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.
  3. The options are immediately exercisable, but shares purchased under such option are subject to repurchase by the Issuer at the option exercise price upon the Reporting Person's termination of service to the Issuer prior to vesting of these shares. 33% of the option shares vested on the first annual anniversary of such date with the remaining option shares vesting in 24 equal monthly installments thereafter.
  4. Mr. Schultz has entered into an agreement with the United States Tennis Association pursuant to which the United States Tennis Association receives the pecuniary benefit upon exercise of his options. Mr. Schultz disclaims beneficial ownership except to the extent of his pecuniary interest therein.