Filing Details

Accession Number:
0001209191-19-020802
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-03-21 17:08:21
Reporting Period:
2019-03-19
Accepted Time:
2019-03-21 17:08:21
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2019-03-19 5,210 $21.04 369,891 No 4 S Direct
Class A Common Stock Acquisiton 2019-03-20 163,094 $0.00 532,985 No 4 A Direct
Class A Common Stock Disposition 2019-03-20 28,812 $21.01 504,173 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
No 4 F Direct
Footnotes
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
  2. 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 $21.22 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.
  3. The shares of Class A Common Stock are subject to a Performance-Based Restricted Stock Award granted to the Reporting Person and are reported at the target award amount. The Reporting Person may potentially earn from 0% to 160% of the target amount based on the achievement, if any, of the performance criteria through the end of the performance period. The actual shares earned will be determined upon certification by the Issuer's Compensation Committee. If earned, 1/3rd of the total earned shares would vest on March 20, 2020, and 1/12th of the total earned shares would 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.
  4. Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's P/RSUs, previously reported on a Form 4, and does not represent a sale by the Reporting Person.