Filing Details
- Accession Number:
- 0001441683-19-000198
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-11-13 16:41:51
- Reporting Period:
- 2019-11-12
- Accepted Time:
- 2019-11-13 16:41:51
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1441683 | Appian Corp | APPN | Services-Prepackaged Software (7372) | 541956084 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1707384 | Steven Mark Lynch | C/O Appian Corporation 7950 Jones Branch Drive Tysons VA 22102 | 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 | Acquisiton | 2019-11-12 | 6,000 | $0.00 | 11,400 | No | 4 | C | Direct | |
| Class A Common Stock | Acquisiton | 2019-11-12 | 5,000 | $0.00 | 16,400 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2019-11-12 | 11,000 | $42.05 | 5,400 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-11-12 | 6,000 | $0.00 | 6,000 | $4.11 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2019-11-12 | 6,000 | $4.11 | 6,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2019-11-12 | 6,000 | $0.00 | 6,000 | $0.00 |
| Class B Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-11-12 | 5,000 | $0.00 | 5,000 | $9.46 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2019-11-12 | 5,000 | $9.46 | 5,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2019-11-12 | 5,000 | $0.00 | 5,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,000 | 2025-01-07 | No | 4 | M | Direct | |
| 6,000 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 110,000 | 2026-07-20 | No | 4 | M | Direct | |
| 5,000 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct |
Footnotes
- Pursuant to the terms of the Class B Common Stock, the Reporting Person converted shares of Class B Common Stock into shares of Class A Common Stock.
- Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon (1) any transfer, whether or not for value and whether voluntary or involuntary or by operation of law, except for certain transfers described in the Issuer's certificate of incorporation, including, without limitation, certain transfers for tax and estate planning purposes or (continued to Footnote (3))
- (continued from Footnote (2)) (2) the death or disability, as defined in the Issuer's certificate of incorporation, of the applicable Class B common stockholder (or nine months after the date of death or disability if the stockholder is one of the Issuer's founders). In addition, on the first trading day following the date on which the outstanding shares of Class B Common Stock represent less than 10% of the aggregate voting power of the Issuer's then outstanding capital stock, all outstanding shares of Class B Common Stock shall convert automatically into Class A Common Stock, and no additional shares of Class B Common Stock will be issued.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 9, 2018, as amended.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.70 to $42.52, inclusive. The Reporting Person undertakes to provide to Appian Corporation, any security holder of Appian Corporation, 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 (5).
- This option is vested with respect to four-fifths of the shares subject to this option. The remaining 4,000 shares subject to this option will vest on January 7, 2020, subject to the Reporting Person's continued service to the Issuer through the vesting date. The shares subject to this option become exercisable upon the earlier of (a) a change of control or (b) the closing of the Issuer's initial public offering.
- This option vested in five equal annual installments commencing on July 20, 2017 and on each of the next four anniversaries thereof, subject to the Reporting Person's continued service to the Issuer through each vesting date.
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