0001209191-15-028275.txt : 20150320 0001209191-15-028275.hdr.sgml : 20150320 20150320171528 ACCESSION NUMBER: 0001209191-15-028275 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150318 FILED AS OF DATE: 20150320 DATE AS OF CHANGE: 20150320 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SCIQUEST INC CENTRAL INDEX KEY: 0001082526 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 562127592 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6501 WESTON PARKWAY STREET 2: SUITE 200 CITY: CARY STATE: NC ZIP: 27513 BUSINESS PHONE: 9196592100 MAIL ADDRESS: STREET 1: 6501 WESTON PARKWAY STREET 2: SUITE 200 CITY: CARY STATE: NC ZIP: 27513 FORMER COMPANY: FORMER CONFORMED NAME: SCIQUEST COM INC DATE OF NAME CHANGE: 19990914 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Collingsworth Grant W. CENTRAL INDEX KEY: 0001518788 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34875 FILM NUMBER: 15717053 MAIL ADDRESS: STREET 1: 6501 WESTON PARKWAY, SUITE 200 CITY: CARY STATE: NC ZIP: 27513 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-03-18 0 0001082526 SCIQUEST INC SQI 0001518788 Collingsworth Grant W. 3020 CARRINGTON MILL BLVD. SUITE 100 MORRISVILLE NC 27560 0 1 0 0 General Counsel/VP Corp. Dev. Restricted Stock Unit 2015-03-18 4 A 0 13119 0.00 A Common Stock 13119 20752 D Performance-Based Restricted Stock Unit 2015-03-18 4 A 0 13119 0.00 A 2018-03-18 Common Stock 13119 13119 D Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon vesting without consideration. The RSUs were granted on March 18, 2015 and vest in four equal annual installments on each anniversary of the grant date until March 18, 2019. Shares of common stock will be issuable to the RSUs upon the earlier to occur of the fifth anniversary of the grant date and a change of control of the Company. Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive shares of common stock upon vesting without consideration based on the performance of the Company's common stock as compared to the Russell 2000 Index (the "Index"). The target number of shares issuable pursuant to the PSUs is 13,119, with the actual number of shares issuable being variable based on the over- or under-performance of the Company's stock price compared to the Index during the three-year period following the grant date. If the Company's common stock under-performs the Index, the number of shares issuable pursuant to the PSUs will be reduced from the target number of shares at a rate of 2 to 1 (two-percentage point reduction in target shares for each percentage point of under-performance). If the Company's common stock outperforms the Index, the number of shares issuable pursuant to the PSUs will be increased from the target shares at a rate of 2 to 1 (two-percentage point increase in target shares for each percentage point of over-performance), up to 200% of the target shares. The shares subject to the PSUs are to be issued within 30 days following vesting. /s/ Grant W. Collingsworth 2015-03-20