Filing Details

Accession Number:
0001209191-11-022818
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-04-13 19:09:19
Reporting Period:
2011-04-11
Filing Date:
2011-04-13
Accepted Time:
2011-04-13 19:09:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1086909 Broadsoft Inc BSFT Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1488201 Michael Tessler C/O Broadsoft, Inc.
9737 Washingtonian Boulevard, Suite 350
Gaithersburg MD 20878
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 2011-04-11 48,780 $0.78 419,917 No 4 M Direct
Common Stock Disposition 2011-04-11 47,204 $43.14 372,713 No 4 S Direct
Common Stock Disposition 2011-04-11 1,576 $43.65 371,137 No 4 S Direct
Common Stock Disposition 2011-04-11 16,478 $43.24 354,659 No 4 S Direct
Common Stock Acquisiton 2011-04-12 11,220 $0.78 365,879 No 4 M Direct
Common Stock Disposition 2011-04-12 11,220 $41.11 354,659 No 4 S Direct
Comomon Stock Disposition 2011-04-12 3,522 $41.21 242,992 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2011-04-11 48,780 $0.00 48,780 $0.78
Common Stock Stock Option (Right to Buy) Disposition 2011-04-12 11,220 $0.00 11,220 $0.78
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
38,720 2012-05-30 No 4 M Direct
27,500 2012-05-30 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 21,666 Indirect By the Michael Tessler 1999 Irrevocable Trust
Footnotes
  1. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2011.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.62 - $43.57,inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities andExchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes(2) (3) (4) and (5) to this Form 4.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.74 - $43.68, inclusive.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.95 - $41.2759, inclusive.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.02 - $41.41, inclusive.
  6. Since the date of the Reporting Person's last ownership report, he transferred 108,145 shares of the Issuer's Common Stock and stock options to purchase an aggregate of 133,091 shares of the Issuer's Common Stock to his ex-wife pursuant to a domestic relations order entered on March 25, 2011. The Reporting Person no longer reports as beneficially owned any securities owned by his ex-wife.
  7. Held for the benefit of the children of the Reporting Person. The Reporting Person disclaims beneficial ownership of any shares held by The Michael Tessler 1999 Irrevocable Trust.
  8. Immediately exercisable.