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

Role
Chief Financial Officer
Signature
John Ederer by Errol Hunter, Attorney-In-Fact
Stock symbol
MODN
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4
Date filed
11/17/2021, 07:42 PM
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Award $0 +25.7K +34.47% $0.00 100K Nov 15, 2021 Direct F1
transaction MODN Common Stock Award $0 +17.1K +17.09% $0.00 117K Nov 15, 2021 Direct F2
transaction MODN Common Stock Award $0 +6.11K +5.21% $0.00 123K Nov 15, 2021 Direct F3
transaction MODN Common Stock Award $0 +2.17K +1.76% $0.00 126K Nov 15, 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.