Form 4 for NOW ServiceNow
Accepted 2023-02-14 00:00:00 ET · period of report 2023-02-10 · accession 0001373715-23-000087 · 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 | 2023-02-14 | 2023-02-10 | NOW | Smith Paul John | Chief Commercial Off | M - OptEx | $0.00 | +3,990 | 4,125 | +2,956% | $0 |
| D | 2023-02-14 | 2023-02-13 | NOW | Smith Paul John | Chief Commercial Off | S - Sale+OE | $456.52 | -2,257 | 2,095 | -52% | -$1.03M |
| DM | 2023-02-14 | 2023-02-10 | NOW | Smith Paul John | Chief Commercial Off | M - OptEx | $0.00 | -3,990 | 2,730 | -59% | $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 | 2023-02-10 | M | A | 227 | $0.00 | 4,352 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-10 | M | A | 3,763 | $0.00 | 4,125 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-13 | S | D | 2,257 | $456.52 | 2,095 | D | — | — | (F1) Shares sold to cover tax obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its 2012 and 2021 Equity Incentive Plans, and does not represent a discretionary trade by the Reporting Person. |
| 4 | Derivative | Restricted Stock Units | 2023-02-10 | M | D | 3,763 | $0.00 | 8,782 | D | — · — to — | 3,763 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. (F4) Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 15, 2022 under the Issuer's 2021 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2022 until December 31, 2022, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 23, 2023. (F3) 30% of the shares subject to the restricted stock units will vest on February 12, 2023, 15% of the shares subject to the restricted stock units will vest on each of August 12, 2023 and February 12, 2024, 20% of the shares subject to the restricted stock units will vest on August 12, 2024, and the final vest on February 12, 2025 of 20% of the shares subject to the restricted stock units is subject to adjustment based on the Issuer's 3-year relative total stockholder return performance against the S&P 500 index for the period from January 1, 2022 to December 31, 2024, subject to the reporting person's continued service to the Issuer on each vesting date. |
| 5 | Derivative | Restricted Stock Units | 2023-02-10 | M | D | 227 | $0.00 | 2,730 | D | — · — to — | 227 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. (F5) The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2022, and subject to the continued service of the Reporting Person on each vesting date. |