Form 4 for ICE Intercontinental Exchange
Accepted 2023-05-25 00:00:00 ET · period of report 2023-05-23 · accession 0001209191-23-032197 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-05-25 | 2023-05-23 | ICE | Sprecher Jeffrey C | CEO, Dir | S - Sale+OE | $107.89 | -85.5K | 1.19M | -7% | -$9.22M |
| DMI | 2023-05-25 | 2023-05-23 | ICE | Sprecher Jeffrey C | CEO, Dir | S - Sale+OE | $107.89 | -30.0K | 2.91M | -1% | -$3.24M |
| D | 2023-05-25 | 2023-05-23 | ICE | Sprecher Jeffrey C | CEO, Dir | M - OptEx | $41.59 | +70.4K | 1.27M | +6% | +$2.93M |
| D | 2023-05-25 | 2023-05-23 | ICE | Sprecher Jeffrey C | CEO, Dir | M - OptEx | $0.00 | -70.4K | 70.4K | -50% | $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 | 2023-05-23 | S | D | 82,878 | $107.87 | 1,190,668 | D CPEX | — | — | (F1) The price range for the aggregate amount sold by the direct holder is $107.30 - $108.29. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price. |
| 2 | Common | Common Stock | 2023-05-23 | S | D | 29,303 | $107.88 | 2,912,402 | I | — | — | (F4) The price range for the aggregate amount sold by the direct holder is $107.32 - $108.31. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price. |
| 3 | Common | Common Stock | 2023-05-23 | S | D | 697 | $108.43 | 2,911,705 | I | — | — | (F5) The price range for the aggregate amount sold by the direct holder is $108.32 - $108.64. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price. (F6) As previously reported, the reporting person also indirectly owns 2,911,705 shares that are beneficially owned directly by CPEX. The reporting person beneficially owns 100% of the equity interest in CPEX. Additionally, as previously reported, the reporting person indirectly owns shares that are beneficially owned directly by the reporting person's spouse for which the reporting person disclaims beneficial ownership. |
| 4 | Common | Common Stock | 2023-05-23 | M | A | 70,442 | $41.59 | 1,273,546 | D CPEX | — | — | |
| 5 | Common | Common Stock | 2023-05-23 | S | D | 2,583 | $108.41 | 1,188,085 | D | — | — | (F2) The price range for the aggregate amount sold by the direct holder is $108.30 - $108.64. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price. (F3) The common stock number referred in Table I is an aggregate number and represents 1,146,700 shares of common stock and 41,385 unvested performance based restricted stock units, for which the performance period has been satisfied. These performance based restricted stock units vest over a three year period, in which 33.33% of the units vest each year. The satisfaction of the 2023 PSUs tied to earnings before interest, taxes, depreciation, and amortization, ("EBITDA") and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2024 and will be reported at the time of vesting. The satisfaction of the 2021, 2022 and 2023 total shareholder return performance based restricted stock units and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2024, February 2025 and February 2026, respectively, and will be reported at the time of vesting. |
| 6 | Derivative | Employee Stock Option (right to buy) Holding | 2023-05-23 | M | D | 70,442 | $0.00 | 70,442 | D | $41.59 · — to 2025-01-20 | 70,442 Common Stock | (F8) These options are fully vested. |