Mary Slagle Zappone - Mar 1, 2022 Form 4 Insider Report for BLUCORA, INC. (AVTA)

Role
Director
Signature
/s/ Ann J. Bruder, as Attorney-in-Fact for Mary S. Zappone
Stock symbol
AVTA
Transactions as of
Mar 1, 2022
Transactions value $
-$260,283
Form type
4
Date filed
3/3/2022, 05:12 PM
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTA Common Stock Options Exercise $33.2K +2.31K +4.36% $14.39 55.2K Mar 1, 2022 Direct F1
transaction AVTA Common Stock Options Exercise $157K +10.9K +19.81% $14.39 66.2K Mar 1, 2022 Direct F2
transaction AVTA Common Stock Tax liability -$33.2K -1.69K -2.55% $19.64 64.5K Mar 1, 2022 Direct F1
transaction AVTA Common Stock Tax liability -$157K -8.02K -12.43% $19.64 56.5K Mar 1, 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 Options (Right to Buy) Options Exercise -$45.3K -2.31K -100% $19.64 0 Mar 1, 2022 Common Stock 2.31K $14.39 Direct F3
transaction AVTA Stock Option (Right to Buy) Options Exercise -$215K -10.9K -100% $19.64 0 Mar 1, 2022 Common Stock 10.9K $14.39 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 617 shares of common stock on net exercise of option to purchase 2,308 shares of common stock. The reporting person forfeited 1,691 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on March 1,2022 of $19.64.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 2,926 shares of common stock on net exercise of option to purchase 10,945 shares of common stock. The reporting person forfeited 8,019 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on March 1, 2022 of $19.64.
F3 The option vested 100% on May 21, 2015.
F4 The option vested according to the following schedule: one-third vested on March 6, 2016, an additional one-third vested on March 6, 2017 and the remaining one-third vested on March 6 2018, such that the option fully vested on March 6, 2018.