Home > Insider Trading > Filing (0001209191-18-038434)

Filing Details

Accession Number:: 0001209191-18-038434
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-06-18 20:20:37
Reporting Period:: 2018-06-14

Accepted Time:: 2018-06-18 20:20:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1372612	Box Inc	BOX	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1240590	J Daniel Levin	900 Jefferson Avenue Redwood City CA 94063		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2018-06-14	658,600	$0.00	658,600	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2018-06-15	78,344	$26.55	580,256	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2018-06-15	1,656	$26.86	578,600	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2018-06-14	658,600	$0.00	658,600	$0.00
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2018-06-14	300,000	$0.00	300,000	$4.63
Class A Common Stock	Employee Stock Option (right to buy)	Acquisiton	2018-06-14	300,000	$0.00	300,000	$4.63
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2018-06-14	300,000	$0.00	300,000	$4.63
Class A Common Stock	Employee Stock Option (right to buy)	Acquisiton	2018-06-14	300,000	$0.00	300,000	$4.63
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2018-06-14	300,000	$0.00	300,000	$17.85
Class A Common Stock	Employee Stock Option (right to buy)	Acquisiton	2018-06-14	300,000	$0.00	300,000	$17.85
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2018-06-14	188,499	$0.00	188,499	$14.05
Class A Common Stock	Employee Stock Option (right to buy)	Acquisiton	2018-06-14	188,499	$0.00	188,499	$14.05

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	C	Indirect
0	2023-04-18	No	4	J	Direct
300,000	2023-04-18	No	4	J	Direct
0	2023-04-18	No	4	J	Direct
300,000	2023-04-18	No	4	J	Direct
0	2024-04-02	No	4	J	Direct
300,000	2024-04-02	No	4	J	Direct
0	2025-01-01	No	4	J	Direct
188,499	2025-01-01	No	4	J	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	5,790	Direct

Footnotes

This does not represent a sale or purchase of Issuer's common stock; rather, it represents the automatic conversion of shares of the Issuer's Class B Common Stock into shares of the Issuer's Class A Common Stock, which occurred when outstanding Class B Common Stock no longer represented at least 5% of the Issuer's total outstanding common stock, as set forth in the Issuer's Amended and Restated Certificate of Incorporation.
The shares are held of record by Daniel J. Levin and Naomi J. Andrews, as Trustees of the Levin/Andrews Family Trust.
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 10, 2017.
This sale price represents the weighted average sale price of the shares sold ranging from $25.85 to $26.845 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
This sale price represents the weighted average sale price of the shares sold ranging from $26.85 to $26.87 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
In connection with the automatic conversion described in footnote (1) above, outstanding Class B Common Stock restricted stock units and options that were issued under the Issuer's 2011 Equity Incentive Plan and 2006 Stock Incentive Plan remain unchanged, except that the underlying shares are now Class A Common Stock.
1/96 of the shares subject to the option vest monthly over two years beginning on March 1, 2013, and 1/32 of the shares vest monthly thereafter.
The shares subject to the option are fully vested and exercisable.
1/4 of the shares subject to the option vest on February 1, 2015, and 1/48 of the shares vest monthly thereafter.
1/4 of the shares subject to the option vest on March 20, 2016, and 1/48 of the shares vest monthly thereafter.