Filing Details

Accession Number:
0001340127-17-000020
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-13 17:26:01
Reporting Period:
2017-02-09
Filing Date:
2017-02-13
Accepted Time:
2017-02-13 17:26:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1340127 Carbonite Inc CARB Services-Computer Processing & Data Preparation (7374) 331111329
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1566737 Anthony Folger C/O Carbonite, Inc.
2 Avenue De Lafayette
Boston MA 02111
Chief Financial Officer No 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 Disposition 2017-02-09 4,124 $20.05 282,108 No 4 S Direct
Common Stock Acquisiton 2017-02-10 51,522 $0.00 333,630 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
Footnotes
  1. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock units.
  2. Includes 252,812 shares of common stock subject to unvested restricted stock units.
  3. Reflects the grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
  4. 25,761 restricted stock units (the "4-Year RSUs") vest in 4 equal annual installments beginning on February 10, 2018 and will be settled on each applicable vest date in shares of the issuer's common stock. 25,761 restricted stock units (the "Performance-based RSUs") will meet the performance vesting condition if, within three years from February 10, 2017, the closing price per share of the Common Stock is at least $25.00 for 20 consecutive trading days. Upon achieving the applicable performance vesting condition ("Performance Achievement"), the Award will be subject to service vesting, with vesting of such Performance-Based Restricted Stock Units to occur in four equal 3-month installments over the one-year period from the date of Performance Achievement, subject to the Recipient's continued service to the Company through the applicable vesting date. The vesting schedule for the Performance-based RSUs shall be accelerated upon certain Change of Control events.
  5. Includes 304,334 shares of common stock subject to unvested restricted stock units.