Filing Details

Accession Number:
0001140361-13-008352
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-02-20 16:08:35
Reporting Period:
2013-02-19
Filing Date:
2013-02-20
Accepted Time:
2013-02-20 16:08:35
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1104855 Support.com Inc. SPRT Services-Computer Processing & Data Preparation (7374) 943282005
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1242729 Joshua Pickus 900 Chesapeake Drive, Second Floor
Redwood City CA 94063
President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-02-19 1,000,000 $2.32 1,067,375 No 4 M Direct
Common Stock Disposition 2013-02-19 1,000,000 $4.11 67,375 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option Disposition 2013-02-19 1,000,000 $0.00 1,000,000 $2.32
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2012-08-21 2013-04-06 No 4 M Direct
Footnotes
  1. This transaction was effected pursuant to a Purchase Agreement between Mr. Pickus and Support.com dated February 19, 2013, as approved by the Board of Directors, to purchase securities underlying certain of Mr. Pickus' option grants (which were due to expire at the end of their seven-year term on April 6, 2013), with a purchase price per share equal to the lesser of (a) the closing price of the Company's common stock in regular trading hours on the day of the sale, as reported by Nasdaq Global Select Market, less five percent (5%), or (b) the thirty-day simple moving average price of the Company's common stock on the day of the sale. The Purchase Agreement was approved by the independent members of the Company's Board of Directors, and Mr. Pickus was not present during, and did not take part in, the Board's deliberations regarding the Purchase Agreement.
  2. 1/4th of the shares subject to the grant vested on the first anniversary of the grant date (i.e. August 21, 2010), and 1/36th of the shares subject to the grant vested on each monthly anniversary thereafter over the next three years, and the grant became fully-vested on August 21, 2012.