Form 4 for UPLD Upland Software, Inc.
Accepted 2023-02-22 00:00:00 ET · period of report 2023-02-21 · accession 0001094792-23-000002 · 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 | 2023-02-22 | 2023-02-21 | UPLD | MCDONALD JOHN T | CEO, Dir | A - Grant | $0.00 | +100.0K | 1.68M | +6% | $0 |
| D | 2023-02-22 | 2023-02-21 | UPLD | MCDONALD JOHN T | CEO, Dir | A - Grant | $0.00 | +100.0K | 100.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-21 | A | A | 100,000 | $0.00 | 1,679,402 | D | — | — | (F1) Represents restricted stock units vesting in twelve equal quarterly installments starting on March 16, 2023 and ending on December 16, 2025; 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 | 2023-02-21 | A | A | 100,000 | $0.00 | 100,000 | D | $0.00 · — to 2025-12-31 | 100,000 Common Stock | (F4) Units will vest on the first date on which the closing price of Upland's common stock for any 30 consecutive trading days immediately preceding such date before December 31, 2025 equals or exceeds certain stock price hurdles. On December 31, 2025, a number of Units (if any) will vest based on the closing price of Upland's common stock on December 31, 2025 using linear interpolation. Total shares earned will be between 0% and 200% of the target number of shares reported. |