04/16/2025 | Press release | Distributed by Public on 04/16/2025 14:50
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (3) | 04/14/2025 | M | 8,719 | (4) | (4) | Common Stock | 8,719 | $ 0 | 322,602(5) | D | ||||
Restricted Stock Units | (3) | 04/14/2025 | M | 8,101 | (6) | (6) | Common Stock | 8,101 | $ 0 | 314,501(7) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Reiner Andres 3200 KIRBY DR., SUITE 600 HOUSTON, TX 77098 |
X | President & CEO |
Chris Chaffin, attorney-in-fact for Andres D. Reiner | 04/15/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The actual vest date was Saturday, April 12 and therefore the transaction occurred on the first business day thereafter. |
(2) | The price represents the price of PROS Holdings, Inc. ("PROS") common stock at the close of market on April 14, 2025. |
(3) | Each restricted stock unit ("RSU") represents the contingent right to receive one share of PROS common stock. |
(4) | This is the sixth tranche of an award granted on January 12, 2023, in the amount of 139,506 RSUs. |
(5) | Includes (i) 16,038 unvested RSUs awarded Jan I 0, 2022 - vests al 25% after one year on the anniversary date, and the remainder will vest al the rate of 6.25% on the 10th day of the first month of each quarter thereafter; (ii) 61,035 unvested RSUs awarded Jan 12, 2023 - will vest al 25% after one year on the anniversary date, and the remainder will vest at the rate of 6.25% on the 12th day of the first month of each quarter thereafter; (iii) 97,215 unvested RSUs awarded January 12, 2024 - will vest at 25% after one year on the anniversary date, and the remainder vest al the rate of 6.25% on the 12th day of the first month of each quarter thereafter; and (iv) 148,314 unvested RSUs awarded Jan 15, 2025 - will vest at 33.3% after one year and 8.33% each quarter thereafter, over three years. |
(6) | This is the second tranche of an award granted on January 12, 2024, in the amount of 129,619 RSUs. |
(7) | Includes everything in Footnote 5, with the exception of number (iii), which is changed to 89,114 unvested RSUs. |