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Filing Details

Accession Number:: 0001209191-13-010276
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-02-20 17:47:10
Reporting Period:: 2013-02-15

Filing Date:: 2013-02-20
Accepted Time:: 2013-02-20 17:47:10
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1086909	Broadsoft Inc.	BSFT	Services-Prepackaged Software (7372)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1488201	Michael Tessler	C/O Broadsoft, Inc. 9737 Washingtonian Boulevard, Suite 350 Gaithersburg MD 20878	President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2013-02-15	5,090	$37.15	142,663	No	4	S	Direct
Common Stock	Acquisiton	2013-02-15	85,000	$0.00	227,663	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	A	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Stock Units	Acquisiton	2013-02-15	21,250	$0.00	21,250	$0.00
Common Stock	Performance Stock Units	Acquisiton	2013-02-15	21,250	$0.00	21,250	$0.00
Common Stock	Performance Stock Units	Acquisiton	2013-02-15	21,250	$0.00	21,250	$0.00
Common Stock	Performance Stock Units	Acquisiton	2013-02-15	21,250	$0.00	21,250	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
21,250	2023-02-15	No	4	A	Direct
21,250	2023-02-15	No	4	A	Direct
21,250	2023-02-15	No	4	A	Direct
21,250	2023-02-15	No	4	A	Direct

Footnotes

These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2012.
Represents shares issuable upon the vesting of restricted stock units ("RSUs") awarded to the Reporting Person on February 15, 2013. 25% of the RSUs vest on February 15, 2014, with the remainder vesting in 12 equal quarterly installments thereafter, in all cases so long as there has been no break in the Reporting Person's continuous service through such date.
Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock, subject to the satisfaction of both (i) a performance-based vesting condition (the "Performance-Based Vesting Condition"); and (ii) a time-based vesting condition (the "Time-Based Vesting Condition").
The Time-Based Vesting Condition of each PSU shall be satisfied as to 25% of the PSUs as of February 15, 2014 and as to the remaining PSUs in 12 equal quarterly installments thereafter, in all cases so long as there has been no break in the Reporting Person's continuous service through such date.
The Performance-Based Vesting Condition of these PSUs will be satisfied if, prior to February 15, 2017, the average closing sales price of the Issuer's common stock for 120 consecutive calendar days equals or exceeds $40 per share or a change in control of the Issuer occurs at a price equal to or greater than $40 per share.
The Performance-Based Vesting Condition of these PSUs will be satisfied if, prior to February 15, 2017, the average closing sales price of the Issuer's common stock for 120 consecutive calendar days equals or exceeds $48 per share or a change in control of the Issuer occurs at a price equal to or greater than $48 per share.
The Performance-Based Vesting Condition of these PSUs will be satisfied if, prior to February 15, 2017, the average closing sales price of the Issuer's common stock for 120 consecutive calendar days equals or exceeds $56 per share or a change in control of the Issuer occurs at a price equal to or greater than $56 per share.
The Performance-Based Vesting Condition of these PSUs will be satisfied if, prior to February 15, 2017, the average closing sales price of the Issuer's common stock for 120 consecutive calendar days equals or exceeds $64 per share or a change in control of the Issuer occurs at a price equal to or greater than $64 per share.