Todd C. Mackay - Mar 2, 2022 Form 4 Insider Report for BLUCORA, INC. (AVTA)

Role
President of Wealth Mgmt
Signature
/s/ Ann J. Bruder, as Attorney-in-Fact for Todd C. Mackay
Stock symbol
AVTA
Transactions as of
Mar 2, 2022
Transactions value $
-$534,593
Form type
4
Date filed
3/3/2022, 05:10 PM
Previous filing
Jan 11, 2022
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTA Common Stock Options Exercise $345K +21.1K +17.18% $16.32 144K Mar 2, 2022 Direct F1
transaction AVTA Common Stock Tax liability -$366K -18.4K -12.8% $19.87 126K Mar 2, 2022 Direct F1
transaction AVTA Common Stock Options Exercise $108K +10.1K +8.07% $10.67 136K Mar 2, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVTA Stock Option (Right to Buy) Options Exercise -$420K -21.1K -100% $19.87 0 Mar 2, 2022 Common Stock 21.1K $16.32 Direct F3
transaction AVTA Stock Option (Right to Buy) Options Exercise -$202K -10.1K -100% $19.87 0 Mar 2, 2022 Common Stock 10.1K $10.67 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 2,683 shares of common stock on net exercise of option to purchase 21,119 shares of common stock. The reporting person forfeited 18,436 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on March 2, 2022 of $19.87.
F2 Not included in this amount are 67,515 performance-based RSUs of which (i) 12,480 are eligible to vest from 0% to 200% following the end of 2022, (ii) 23,333 are eligible to vest from 0% to 200% following the end of 2023 and (iii) 31,702 are eligible to vest from 0% to 200% following the end of 2024. Vesting for each award is subject to the Issuer's achievement of certain financial goals and certification by the Compensation Committee.
F3 The option vests according to the following schedule: 33.33% vested on June 1, 2016, and approximately 16.67% vested at the end of each six-month period thereafter, such that the option was fully vested on June 1, 2018.
F4 The option vests according to the following schedule: 16.67% vested on June 17, 2016, 33.33% vested on December 17, 2016, 25% vested on June 17, 2017, and 8.33% vested at the end of each six-month period thereafter, such that the option was fully vested on June 17, 2018.