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Filing Details

Accession Number:: 0001118417-21-000158
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-17 20:39:31
Reporting Period:: 2021-11-15

Accepted Time:: 2021-11-17 20:39:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1118417	Model N Inc.	MODN	Services-Computer Programming, Data Processing, Etc. (7370)	770528806

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1773390	Christopher Lyon	C/O Model N, Inc. 777 Mariners Island Blvd, Suite 300 San Mateo CA 94404	Chief Revenue Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-11-15	31,666	$0.00	119,237	No	4	A	Direct
Common Stock	Acquisiton	2021-11-15	20,777	$0.00	140,014	No	4	A	Direct
Common Stock	Acquisiton	2021-11-15	12,222	$0.00	152,236	No	4	A	Direct
Common Stock	Acquisiton	2021-11-15	3,874	$0.00	156,110	No	4	A	Direct
Common Stock	Disposition	2021-11-16	1,051	$32.37	155,059	No	4	S	Direct
Common Stock	Disposition	2021-11-16	839	$32.37	154,220	No	4	S	Direct
Common Stock	Disposition	2021-11-16	739	$32.37	153,481	No	4	S	Direct
Common Stock	Disposition	2021-11-16	275	$32.37	153,206	No	4	S	Direct
Common Stock	Disposition	2021-11-16	553	$32.37	152,653	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	A	Direct
No	4	A	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Footnotes

Issuable upon the vesting of Restricted Stock Units ("RSUs"). 6.25% of the RSUs will vest on each quarterly anniversary of the vesting commencement date until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
Issuable upon vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon total stockholder return, between a minimum of 0% and a maximum of 200%, the PB-RSUs will vest as to 50% on each of the second and third annual anniversary of the vesting commencement date until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.
Issuable upon the vesting of Restricted Stock Units ("RSUs"). 50% of the RSUs will vest on each of the second and third annual anniversary of the vesting commencement date until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
Issuable upon the vesting of Restricted Stock Units ("RSUs"). 100% of the RSUs vested on November 15, 2021. Shares of the Issuer's common stock were delivered to the Reporting Person upon vesting.
All shares reported as disposed of in this transaction were sold by the Reporting Person in order to pay the federal and state tax withholding obligations resulting from the vesting of the Reporting Person's Restricted Stock Units ("RSUs") and/or performance-based RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported in this transaction for any reason other than to cover required taxes.
Reflects a decrease of 313 shares of unvested Performance-Based RSUs ("PB-RSUs") that were cancelled due to the achievement of 64.9% of certain performance criteria related to PB-RSUs granted to the Reporting Person on November 22, 2019.