Filing Details

Accession Number:
0001654954-20-008537
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-05 20:26:13
Reporting Period:
2020-08-03
Accepted Time:
2020-08-05 20:26:13
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1104855 Support.com Inc. SPRT Services-Computer Processing & Data Preparation (7374) 943282005
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1387249 A Richard Bloom 1200 Crossman Avenue
Suite 210
Sunnyvale CA 94089
President And Ceo No 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 2020-08-03 60,837 $0.00 841,279 No 4 M Direct
Common Stock Disposition 2020-08-05 19,910 $1.66 821,369 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 Restricted Stock Units Disposition 2020-08-03 60,837 $0.00 60,837 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
Footnotes
  1. The Restricted Stock Units ("RSUs") were granted to the Reporting Person on August 1, 2019 under the Issuer's 2010 Equity and Performance Incentive Plan. The RSUs vested in their entirety on August 3, 2020. Upon vesting, each RSU entitled the Reporting Person to one share of the Issuer's common stock. In connection with the Issuer's special dividend distribution on December 26, 2019, the original amount of 31,447 RSUs granted to the Reporting Person was adjusted to 60,837 RSUs.
  2. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
  3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $1.6600 to $1.6647 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.