Donald P. Hutchison - Jun 2, 2021 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
Director
Signature
/s/ Donald P. Hutchison by Robert Bertz, Attorney-in-Fact
Stock symbol
MRIN
Transactions as of
Jun 2, 2021
Transactions value $
$0
Form type
4
Date filed
6/4/2021, 07:27 PM
Previous filing
May 26, 2021
Next filing
Aug 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRIN Common Stock Options Exercise +28K 28K Jun 2, 2021 Direct F1
holding MRIN Common Stock 37K Jun 2, 2021 By Hutchison Family Trust
holding MRIN Common Stock 7.03K Jun 2, 2021 By Glasgow Investments, LLC 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 MRIN Restricted Stock Unit Options Exercise $0 -28K -33.33% $0.00 55.9K Jun 2, 2021 Common Stock 28K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 The Reporting Person is a managing member of Glasgow Investments, LLC and possesses the power to direct the voting and disposition of the shares held by Glasgow Investments, LLC and as such may be deemed to beneficially own the shares of the Issuer's Common Stock held by Glasgow Investments, LLC.
F3 The RSUs shall vest as to one-third of the total number of shares on the date of the Issuer's annual meeting of stockholders held in each of 2021, 2022 and 2023, provided that the Reporting Person continues to serve on the Issuer's Board of Directors on each vesting date and provided further that, in the event of certain corporate transactions, all of the shares subject to the RSUs shall immediately vest in full as of the effectiveness of such transaction.