SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person*
Brenner Bernard

(Last) (First) (Middle)
C/O TRUECAR, INC.
120 BROADWAY, SUITE 200

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/15/2014
3. Issuer Name and Ticker or Trading Symbol
TrueCar, Inc. [ TRUE ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Business Development
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 257,935 D
Common Stock 16,666 I By The Allison Brenner 2014 Family Trust(11)
Common Stock 16,666 I By The Brenner 2014 Trust(12)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) (1) 11/30/2016 Common Stock 2,250 $2.6999 D
Employee Stock Option (right to buy) (1) 11/30/2016 Common Stock 2,262 $2.6999 D
Employee Stock Option (right to buy) (1) 08/20/2017 Common Stock 57,476 $0.4949 D
Employee Stock Option (right to buy) (1) 05/22/2018 Common Stock 76,666 $0.4949 D
Employee Stock Option (right to buy) (1) 04/26/2019 Common Stock 35,333 $0.8249 D
Employee Stock Option (right to buy) (1) 06/17/2019 Common Stock 26,000 $0.3899 D
Employee Stock Option (right to buy) (1) 09/14/2019 Common Stock 6,500 $0.3899 D
Employee Stock Option (right to buy) (1) 07/15/2020 Common Stock 390,000 $2.1149 D
Employee Stock Option (right to buy) (2) 07/15/2020 Common Stock 52,000 $2.1149 D
Employee Stock Option (right to buy) (3) 07/15/2020 Common Stock 185,162 $2.1149 D
Employee Stock Option (right to buy) (4) 02/17/2021 Common Stock 66,666 $2.8349 D
Employee Stock Option (right to buy) (5) 06/14/2021 Common Stock 56,666 $3.5549 D
Employee Stock Option (right to buy) (6) 02/14/2022 Common Stock 10,000 $11.5049 D
Employee Stock Option (right to buy) (7) 08/31/2022 Common Stock 333,333 $7.9949 D
Employee Stock Option (right to buy) (8) 10/22/2023 Common Stock 26,666 $8.8799 D
Employee Stock Option (right to buy) (9) 02/07/2024 Common Stock 16,666 $9.2549 D
Employee Stock Option (right to buy) (10) 05/02/2024 Common Stock 23,333 $12.8099 D
Explanation of Responses:
1. Shares subject to the option are fully vested and immediately exercisable.
2. Shares subject to the option shall vest according to certain event(s) to be determined by the Issuer's Chief Executive Officer upon collaboration with the Issuer's Board of Directors.
3. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option shall vest in forty-eight (48) equal monthly installments beginning on July 24, 2010.
4. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option shall vest in forty-eight (48) equal monthly installments beginning March 17, 2011.
5. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option shall vest in forty-eight (48) equal monthly installments beginning on March 15, 2012.
6. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option shall vest in forty-eight (48) equal monthly installments beginning on March 14, 2012.
7. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option shall vest in forty-eight (48) equal monthly installments beginning on June 30, 2012.
8. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option shall vest in forty-eight (48) equal monthly installments beginning on February 1, 2014.
9. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option shall vest in forty-eight (48) equal monthly installments beginning on March 7, 2014.
10. The option is subject to an early exercise provision and is immediately exercisable. One-fourth (1/4th) of the shares subject to the option vest on May 2, 2015 and one forty-eighth (1/48th) of the shares vest monthly thereafter.
11. Shares directly held by The Allison Brenner 2014 Family Trust for which the Reporting Person serves as trustee.
12. Shares directly held by The Brenner 2014 Trust for which the Reporting Person serves as trustee.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Troy Foster, by power of attorney 05/15/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.