Filing Details
- Accession Number:
- 0001373715-21-000074
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-02-19 17:10:04
- Reporting Period:
- 2021-02-17
- Accepted Time:
- 2021-02-19 17:10:04
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1373715 | Servicenow Inc. | NOW | Services-Prepackaged Software (7372) | 202056195 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1661430 | Jitendra Chirantan Desai | C/O Servicenow, Inc. 2225 Lawson Lane Santa Clara CA 95054 | Chief Product 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-02-17 | 10,579 | $0.00 | 44,035 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-17 | 5,246 | $580.94 | 38,789 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-02-17 | 363 | $0.00 | 39,152 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-17 | 180 | $580.94 | 38,972 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-02-17 | 9,375 | $0.00 | 48,347 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-17 | 4,649 | $580.94 | 43,698 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-02-18 | 6,146 | $569.96 | 37,552 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2021-02-17 | 10,579 | $0.00 | 10,579 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-02-17 | 363 | $0.00 | 363 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-02-17 | 9,375 | $0.00 | 9,375 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 21,162 | No | 4 | M | Direct | ||
| 4,358 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct |
Footnotes
- Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 18, 2020 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2020 until December 31, 2020, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 26, 2021. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 17, 2021, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 17, 2023, subject to the reporting person's continued service to the Issuer on each vesting date.
- The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 17, 2020, and subject to the continued service of the Reporting Person on each vesting date.
- The restricted stock units vest as to 1/4 of the total shares on February 17, 2018 and thereafter shall vest as to 1/16th of the total number of shares in equal quarterly installments.
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