Form 4 for UPLD Upland Software, Inc.

Accepted 2022-01-14 00:00:00 ET · period of report 2022-01-12 · accession 0001094792-22-000002 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-01-14	2022-01-12	UPLD	MCDONALD JOHN T	CEO, Dir	A - Grant	$0.00	+93.8K	1.51M	+7%	$0
D	2022-01-14	2022-01-12	UPLD	MCDONALD JOHN T	CEO, Dir	A - Grant	$0.00	+93.8K	93.8K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-01-12	A	A	93,750	$0.00	1,511,966	D	—	—	(F1) Represents restricted stock units vesting in twelve equal quarterly installments starting on March 16, 2022 and ending on December 16, 2024; provided that the participant continues to be a service provider through each such vesting date. (F2) Does not include 125,000 shares of common stock held in a trust for the benefit of Mr. McDonald's children of which The Bryn Mawr Trust Company of Delaware is the trustee.
2	Derivative	Performance Share Unit	2022-01-12	A	A	93,750	$0.00	93,750	D	$0.00 · — to 2023-06-18	93,750 Common Stock	(F4) Units will vest on the first date on which the closing price of Upland's common stock for any thirty (30) consecutive trading days immediately preceding such date before June 30, 2023 equals or exceeds certain stock price hurdles. On June 30, 2023, a number of Units (if any) will vest based on the closing price of Upland's common stock on June 30, 2023 using linear interpolation. Total shares earned will be between 0% and 300% of the target number of shares reported.