Form 4 for NOW ServiceNow
Accepted 2022-05-19 00:00:00 ET · period of report 2022-05-17 · accession 0001373715-22-000182 · 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 | 2022-05-19 | 2022-05-17 | NOW | Bedi Christopher | CIO | M - OptEx | $0.00 | +1,425 | 14.0K | +11% | $0 |
| DM | 2022-05-19 | 2022-05-17 | NOW | Bedi Christopher | CIO | F - Tax | $432.85 | -708 | 13.9K | -5% | -$306.5K |
| DM | 2022-05-19 | 2022-05-17 | NOW | Bedi Christopher | CIO | M - OptEx | $0.00 | -1,425 | 1,204 | -54% | $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 | 2022-05-17 | M | A | 1,253 | $0.00 | 14,429 | D | — | — | |
| 2 | Common | Common Stock | 2022-05-17 | F | D | 622 | $432.85 | 13,807 | D | — | — | (F1) Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3. |
| 3 | Common | Common Stock | 2022-05-17 | M | A | 172 | $0.00 | 13,979 | D | — | — | |
| 4 | Common | Common Stock | 2022-05-17 | F | D | 86 | $432.85 | 13,893 | D | — | — | (F1) Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3. |
| 5 | Derivative | Restricted Stock Units | 2022-05-17 | M | D | 1,253 | $0.00 | 3,758 | D | — · — to — | 1,253 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. (F3) Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 18, 2020 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2020 until December 31, 2020, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 26, 2021. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 17, 2021, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 17, 2023, subject to the reporting person's continued service to the Issuer on each vesting date. |
| 6 | Derivative | Restricted Stock Units | 2022-05-17 | M | D | 172 | $0.00 | 1,204 | D | — · — to — | 172 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. (F4) The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 17, 2020, and subject to the continued service of the Reporting Person on each vesting date. |