Filing Details
- Accession Number:
- 0001181431-12-029256
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-05-10 21:52:31
- Reporting Period:
- 2012-05-08
- Filing Date:
- 2012-05-10
- Accepted Time:
- 2012-05-10 20:52:31
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1062478 | Actuate Corp | ACTU | Services-Prepackaged Software (7372) | 943193197 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1192377 | A Daniel Gaudreau | 2207 Bridgepointe Parkway, Suite 500 San Mateo CA 94404 | Svp, Operations And Cfo | 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 | 2012-05-08 | 100,000 | $5.11 | 250,619 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2012-05-08 | 103,000 | $6.82 | 147,619 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Option (right to buy) | Disposition | 2012-05-08 | 100,000 | $0.00 | 100,000 | $5.11 |
| Common Stock | Performance Right | Acquisiton | 2012-05-08 | 150,000 | $0.00 | 150,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 613,437 | 2008-01-24 | 2017-01-24 | No | 4 | M | Direct |
| 150,000 | 2013-12-31 | No | 4 | A | Direct |
Footnotes
- Represents a weighted average sales price within the range of $6.80 to $6.85.
- Includes 145,000 of the Issuer's common stock underlying RSU's awarded.
- The underlying option became exercisable as to 1/4 of the total option shares granted one year from the vesting commencement date of January 24, 2007 and for the balance in a series of equal monthly installments over the following 36 months.
- Each performance right represents a contingent right to receive one share of the Company's common stock; the number indicated represents the maximum number of performance rights that can be earned by the reporting person.
- The performance-vesting requirement is tied to the total shareholder return to the Company's shareholders for the 2-year performance period beginning January 1, 2012 and ending on December 31, 2013 in relation to the total shareholder return realized for that same period by the companies comprising the S&P SmallCap 600 Index. The actual number of shares of the Company's common stock into which the performance shares will convert is calculated by multiplying the target number of performance shares (75,000 shares) by a percentage ranging from 0% to 200% based on the actual level at which the performance goal is attained.
- Fifty percent of the performance shares earned on the basis of the Company's performance will vest based on the reporting person's continued service with the Company through the completion of the 2-year performance period, and the remainder of those performance shares will vest based on the reporting person's continued service with the Company through December 31, 2014.
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