Filing Details

Accession Number:
0001392972-19-000155
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-11-05 12:06:42
Reporting Period:
2019-11-01
Accepted Time:
2019-11-05 12:06:42
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1392972 Pros Holdings Inc. PRO Services-Computer Programming Services (7371) 760168604
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1434817 Andres Reiner 3100 Main Street
Suite 900
Houston TX 77002
President & 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 2019-11-01 50,000 $11.33 697,072 No 4 M Direct
Common Stock Disposition 2019-11-01 23,595 $50.62 673,477 No 4 S Direct
Common Stock Disposition 2019-11-01 26,405 $50.62 647,072 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Appreciation Rights Disposition 2019-11-01 50,000 $0.00 50,000 $11.33
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2020-12-14 No 4 M Direct
Footnotes
  1. Pursuant to the terms of the grant, the exercise of the Stock Appreciation Rights ("SARs") was settled in shares of the Issuer's Common Stock, and a portion of these shares are deemed to have been forfeited tothe Issuer to cover the exercise price and tax withholding obligation. This exercise and settlement of shares forfeited did not involve any open-market sales of the Issuer's Common Stock.
  2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2019.
  3. This price represents a weighted average price. These shares were sold in forty-three transactions at prices ranging from $49.95 to $51.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of PROS Holdings, Inc., 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 ranges set forth in Footnotes 3 and 4 to this Form 4.
  4. The average price for the sale in footnote 3 was also used as the price for the payment of the associated tax liability for the transaction.
  5. These SARs were granted on December 14, 2010. The initial 25% vested on the first anniversary of the grant. The remaining unvested SARs vested monthly over the subsequent three-year period ending on February 24, 2014. It is mandatory that these SARs be exercised before the ten-year anniversary of the grant date to avoid forfeiture