Home > Insider Trading > Filing (0001209191-19-014787)

Filing Details

Accession Number:: 0001209191-19-014787
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2019-02-28 19:37:20
Reporting Period:: 2018-03-14

Accepted Time:: 2019-02-28 19:37:20
Original Submission Date:: 2018-03-16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1474432	Pure Storage Inc.	PSTG	Computer Storage Devices (3572)	271069557

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1651904	Timothy Riitters	650 Castro St, Suite 400 Mountain View CA 94041	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2018-03-14	164,172	$0.00	528,701	No	4	A	Direct
Class A Common Stock	Acquisiton	2018-03-14	7,500	$0.00	536,201	No	4	C	Direct
Class A Common Stock	Disposition	2018-03-14	10,500	$21.12	525,701	No	4	S	Direct

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

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Stock Option (right to buy)	Disposition	2018-03-14	7,500	$0.00	7,500	$9.65
Class A Common Stock	Class B Common Stock	Acquisiton	2018-03-14	7,500	$0.00	7,500	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2018-03-14	7,500	$0.00	7,500	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
947,500	2024-10-07	No	4	M	Direct
7,500		No	4	M	Direct
0		No	4	C	Direct

Footnotes

See remarks below.
Represents shares of Class A Common Stock earned pursuant to a Performance-Based Restricted Stock Award ("PRSA"). The Issuer's Compensation Committee determined achievement of the performance criteria and certified the total number of shares earned under the PRSA on February 26, 2019 (the "Earned Shares"). 1/3rd of the Earned Shares subject to this PRSA will vest on March 20, 2019, and 1/12th of the Earned Shares will vest on each of June 20, September 20, December 20 and March 20, over the following two years, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) through such dates.
Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of the Reporting Person.
This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. The Class B Common Stock will convert automatically into Class A Common Stock on the same basis upon the earlier of (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof, (ii) the affirmative vote of the holders of Class B Common Stock representing not less than a majority of the outstanding shares of Class B Common Stock, or (iii) October 6, 2025.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.89 to $21.30 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
1/4 of the Option vests one year from 8/26/2014, 1/48 of the Option vests monthly thereafter over the following three years. The option shall be subject to accelerated vesting as set forth in optionee's employment agreement with the Issuer.