Filing Details

Accession Number:
0001181431-10-010284
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-02-18 12:00:00
Reporting Period:
2010-02-16
Filing Date:
2010-02-18
Accepted Time:
2010-02-18 18:09:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1428669 Solarwinds Inc. SWI Services-Prepackaged Software (7372) 731559348
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1126813 S Michael Bennett C/O Solarwinds, Inc.
3711 S. Mopac Expy., Bldg Two
Austin TX 78746
Chairman Of The Board & 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 2010-02-16 40,241 $2.69 40,241 No 4 M Direct
Common Stock Disposition 2010-02-16 40,241 $19.21 0 No 4 S Direct
Common Stock Acquisiton 2010-02-16 19,800 $2.69 19,800 No 4 M Indirect by LP
Common Stock Disposition 2010-02-16 19,800 $19.23 0 No 4 S Indirect by LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Indirect by LP
No 4 S Indirect by LP
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2010-02-16 40,241 $0.00 40,241 $2.69
Common Stock Employee Stock Option (right to buy) Disposition 2010-02-16 19,800 $0.00 19,800 $2.69
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,242,435 2016-07-26 No 4 M Direct
1,079,622 2016-07-26 No 4 M Indirect
Footnotes
  1. Shares sold pursuant to a 10b5-1 Trading Plan.
  2. This transaction was executed in multiple trades at prices ranging from $19.07 to $19.70, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold and each separate price within the ranges set forth in this footnote.
  3. Vested options held by MSB Asset Management, LP. MSB Asset Management GP, LLC is the general partner of the MSB Asset Management, L.P. Mr. Bennett is the sole manager of MSB Asset Management GP, LLC, and by virtue of this relationship, may be deemed to have voting and dispositive power over the shares issuable upon the exercise of options held by MSB Asset Management, L.P. Mr. Bennett disclaims beneficial ownership of the shares issuable upon the exercise of options held by MSB Asset Management, L.P. except to the extent of his pecuniary interest therein.
  4. Grant subject to a right of early exercise by Mr. Bennett prior to vesting and a right of repurchase by issuer that lapses in accordance with the vesting schedule. 1/4th of the shares vested on May 30, 2007 and 1/48th of the shares vest each month thereafter.