11/05/2024 | Press release | Distributed by Public on 11/05/2024 18:22
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 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 | ||||||||
Restricted Stock Unit (RSU) | (3) | 11/03/2024 | M | 554 | (4) | (5) | Common Stock | 554 | $ 0 | 2,215 | D | ||||
Performance Restricted Stock Unit (PRSU) | (3) | 11/03/2024 | M | 2,541 | 11/03/2024(6) | (5) | Common Stock | 2,541 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Feanny Tracy Ann 5555 NE MOORE COURT HILLSBORO, OR 97124 |
SVP, General Counsel |
/s/ Tracy Feanny | 11/05/2024 |
**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) | Restricted Stock Units - no purchase price for this transaction. |
(2) | These shares were retained by the Issuer in order to meet the tax withholding obligations of the Reporting Person in connection with the vesting of an installment of the restricted stock units. The amount retained by the Issuer was not in excess of the amount of the tax liability. |
(3) | Each Restricted Stock Unit represents a right to receive one share of the Issuer's common stock without payment of specific consideration. |
(4) | Grants of Restricted Stock Units (RSUs) vest as follows: 25% of the RSUs will vest on the first anniversary of the date of grant, and an additional 6.25% of the RSUs shall vest at the end of each three month period thereafter. |
(5) | Not applicable. |
(6) | On November 3, 2024, the Compensation Committee of the Issuer's Board of Directors determined that 86.01% of the performance conditions, pertaining to the third and final tranche of shares subject to the Performance Restricted Stock Units granted November 3, 2021 and scheduled to vest on November 3, 2024, had been achieved, resulting in the vesting and release of 2,541 shares. |