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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 09/30/2016 | M | 3,000 | (2) | (2) | Common Stock | 3,000 | $ 0 | 53,334 (5) | D | ||||
Restricted Stock Units | (1) | 09/30/2016 | M | 13,334 | (3) | (3) | Common Stock | 13,334 | $ 0 | 40,000 (5) | D | ||||
Restricted Stock Units | (1) | 09/30/2016 | M | 3,425 | (4) | (4) | Common Stock | 3,425 | $ 0 | 36,575 (5) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Simon Stormy 799 W COLISEUM WAY MIDVALE, UT 84047 |
X |
/s/Mark Harden (attorney-in-fact) | 10/04/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Overstock.com, Inc. common stock. |
(2) | On January 28, 2014, the reporting person was granted 9,000 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Effective September 30, 2016, the Compensation Committee accelerated the vesting of 19,759 RSUs in connection with the reporting person's resignation from the Company's board of directors, of which 3,000 RSUs were granted on January 28, 2014. |
(3) | On April 7, 2015, the reporting person was granted 20,000 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Effective September 30, 2016, the Compensation Committee accelerated the vesting of 19,759 RSUs in connection with the reporting person's resignation from the Company's board of directors, of which 13,334 RSUs were granted on April 7, 2015. |
(4) | On March 24, 2016, the reporting person was granted 40,000 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Effective September 30, 2016, the Compensation Committee accelerated the vesting of 19,759 RSUs in connection with the reporting person's resignation from the Company's board of directors, of which 3,425 RSUs were granted on March 24, 2016. |
(5) | Amount shown does not include previously granted RSUs with different vesting schedules. |