AI assistant
ORACLE CORP — Director's Dealing 2016
Jul 29, 2016
29742_dirs_2016-07-28_a6b695da-cc02-43c9-829f-bf66f71f64d4.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ORACLE CORP (ORCL)
CIK: 0001341439
Period of Report: 2016-07-26
Reporting Person: HURD MARK V (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-07-26 | Common Stock | M | 171874 | — | Acquired | 222763 | Direct |
| 2016-07-26 | Common Stock | M | 140624 | — | Acquired | 363387 | Direct |
| 2016-07-26 | Common Stock | F | 159496 | $40.94 | Disposed | 203891 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-07-26 | Performance Stock Unit | $0 | A | 171874 | Acquired | Common Stock (171874) | Direct | |
| 2016-07-26 | Performance Stock Unit | $0 | M | 171874 | Disposed | Common Stock (171874) | Direct | |
| 2016-07-26 | Performance Stock Unit | $0 | A | 140624 | Acquired | Common Stock (140624) | Direct | |
| 2016-07-26 | Performance Stock Unit | $0 | M | 140624 | Disposed | Common Stock (140624) | Direct |
Footnotes
F1: Shares withheld for payment of tax liability upon vesting of performance stock units.
F2: Represents amount of performance stock units earned from awards granted on July 24, 2014 and October 5, 2014 based on the achievement of performance targets for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 100% of the target number of performance stock units eligible to be earned for the first performance period. The performance goals measured Oracle's performance against both a relative revenue growth metric (weighted 50%) and a relative operating cash flow metric (weighted 50%).
F3: Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of performance targets for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 100% of the target number of performance stock units eligible to be earned for the first performance period. The performance goals measured Oracle's performance against both a relative revenue growth metric (weighted 50%) and a relative operating cash flow metric (weighted 50%).