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Trade Desk, Inc. — Director's Dealing 2017
Dec 5, 2017
30193_dirs_2017-12-05_fbc82ff7-9166-4cae-b1e8-f932009d9f55.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Trade Desk, Inc. (TTD)
CIK: 0001671933
Period of Report: 2017-12-01
Reporting Person: Perdue Robert David (Director, Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-01 | Class A Common Stock | A | 20417 | $0.00 | Acquired | 97983 | Direct |
| 2017-12-01 | Class A Common Stock | C | 1206 | $0.00 | Acquired | 99189 | Direct |
| 2017-12-01 | Class A Common Stock | S | 1206 | $47.20 | Disposed | 97983 | Direct |
| 2017-12-01 | Class A Common Stock | C | 4010 | $0.00 | Acquired | 101993 | Direct |
| 2017-12-01 | Class A Common Stock | S | 4010 | $47.90 | Disposed | 97983 | Direct |
| 2017-12-01 | Class A Common Stock | C | 2284 | $0.00 | Acquired | 100267 | Direct |
| 2017-12-01 | Class A Common Stock | S | 2284 | $48.877 | Disposed | 97983 | Direct |
| 2017-12-01 | Class A Common Stock | F | 2540 | $48.00 | Disposed | 95443 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-12-01 | Employee Stock Option (Right to Buy) | $48.00 | A | 42012 | Acquired | 2027-12-01 | Class A Common Stock (42012) | Direct |
| 2017-12-01 | Employee Stock Option (Right to Buy) | $0.171 | M | 7500 | Disposed | 2023-02-07 | Class B Common Stock (7500) | Direct |
| 2017-12-01 | Class B Common Stock | $0.00 | M | 7500 | Acquired | Class A Common Stock (7500) | Direct | |
| 2017-12-01 | Class B Common Stock | $0.00 | C | 7500 | Disposed | Class A Common Stock (7500) | Direct |
Footnotes
F1: Represents restricted stock with a vesting commencement date ("VCD") of December 1, 2017, and which vests as to one-fourth of the granted shares on each anniversary of the VCD, subject to continued employment with the Issuer through the applicable vesting dates.
F2: The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.58 to $47.41, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.60 to $48.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.60 to $49.31, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F6: The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted December 23, 2016.
F7: The option was granted on December 1, 2017, the Vesting Commencement ("VCD"). One forty-eighth (1/48th) of the shares subject to the option vest on the first monthly anniversary of the VCD, with one forty-eighth (1/48th ) of the shares subject to the original grant vesting on each monthly anniversary thereafter, subject to continued employment with the Issuer through the applicable vesting dates.
F8: The Option was granted on February 8, 2013, with a vesting commencement date ("VCD") of January 7, 2013. One-fourth (1/4th) of the shares subject to the option vest on the first anniversary of the VCD, with one forty-eighth (1/48th) of the shares subject to the original grant vesting on each monthly anniversary thereafter, subject to continued employment with the Issuer through the applicable vesting dates.
F9: Each share of Class B Common Stock has no expiration date and is convertible for no additional consideration into one (1) share of Class A Common Stock at the option of the holder thereof at any time and upon certain other circumstances.