Filing Details

Accession Number:
0001118417-22-000126
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-11-16 21:23:30
Reporting Period:
2022-11-14
Accepted Time:
2022-11-16 21:23:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1118417 Model N Inc. MODN Services-Computer Programming, Data Processing, Etc. (7370) 770528806
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1773390 Christopher Lyon C/O Model N, Inc.
777 Mariners Island Blvd, Suite 300
San Mateo CA 94404
Chief Revenue Officer No Yes 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 2022-11-14 4,006 $0.00 147,849 No 4 A Direct
Common Stock Acquisiton 2022-11-14 37,600 $0.00 185,449 No 4 A Direct
Common Stock Acquisiton 2022-11-14 25,067 $0.00 210,516 No 4 A Direct
Common Stock Disposition 2022-11-16 961 $37.99 209,555 No 4 S Direct
Common Stock Disposition 2022-11-16 487 $37.99 209,068 No 4 S Direct
Common Stock Disposition 2022-11-16 182 $37.99 208,886 No 4 S Direct
Common Stock Disposition 2022-11-16 492 $37.99 208,394 No 4 S Direct
Common Stock Disposition 2022-11-16 913 $37.99 207,481 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 A Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. Issuable upon the vesting of Restricted Stock Units ("RSUs"). 100% of the RSUs shall vest on the vesting commencement date, November 30, 2022. Shares of the Issuer's common stock shall be delivered to the Reporting Person upon vesting.
  2. Issuable upon the vesting of Restricted Stock Units ("RSUs"). 16.67% of the RSUs will vest on the six-month anniversary of the vesting commencement date and 8.33% vesting thereafter on each quarterly anniversary of the vesting commencement date until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
  3. Issuable upon vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon annual recurring revenue, between a minimum of 0% and a maximum of 200%, the PB-RSUs will vest as to 33% on the first annual anniversary of the vesting commencement date and 8.375% vesting thereafter on each quarterly anniversary of the vesting commencement date until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.
  4. All shares reported as disposed of in this transaction were sold by the Reporting Person in order to pay the federal and state tax withholding obligations resulting from the vesting of the Reporting Person's Restricted Stock Units ("RSUs") and/or performance-based RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported in this transaction for any reason other than to cover required taxes.
  5. Reflects a decrease of 313 shares of unvested Performance-Based RSUs ("PB-RSUs") that were cancelled due to the achievement of 64.9% of certain performance criteria related to PB-RSUs granted to the Reporting Person on November 22, 2019.