John Ederer - 15 Nov 2021 Form 4 Insider Report for MODEL N, INC.

Role
Chief Financial Officer
Signature
John Ederer by Errol Hunter, Attorney-In-Fact
Issuer symbol
N/A
Transactions as of
15 Nov 2021
Net transactions value
$0
Form type
4
Filing time
17 Nov 2021, 19:42:36 UTC
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Award $0 +25,666 +34% $0.000000 100,126 15 Nov 2021 Direct F1
transaction MODN Common Stock Award $0 +17,111 +17% $0.000000 117,237 15 Nov 2021 Direct F2
transaction MODN Common Stock Award $0 +6,111 +5.2% $0.000000 123,348 15 Nov 2021 Direct F3
transaction MODN Common Stock Award $0 +2,171 +1.8% $0.000000 125,519 15 Nov 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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.