0001127602-23-015451.txt : 20230512 0001127602-23-015451.hdr.sgml : 20230512 20230512164209 ACCESSION NUMBER: 0001127602-23-015451 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230510 FILED AS OF DATE: 20230512 DATE AS OF CHANGE: 20230512 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Jardine Bret T CENTRAL INDEX KEY: 0001398537 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31666 FILM NUMBER: 23916564 MAIL ADDRESS: STREET 1: 100 CARILLON PARKWAY CITY: ST. PETERSBURG STATE: FL ZIP: 33716 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST ADVANTAGE CORP CENTRAL INDEX KEY: 0001210677 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 843884690 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1 CONCOURSE PARKWAY NE, SUITE 200 STREET 2: ATTN: BRET T. JARDINE, ESQ. CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 888-314-9761 MAIL ADDRESS: STREET 1: 1 CONCOURSE PARKWAY NE, SUITE 200 STREET 2: ATTN: BRET T. JARDINE, ESQ. CITY: ATLANTA STATE: GA ZIP: 30328 4 1 form4.xml PRIMARY DOCUMENT X0407 4 2023-05-10 0001210677 FIRST ADVANTAGE CORP FA 0001398537 Jardine Bret T C/O FIRST ADVANTAGE CORPORATION 1 CONCOURSE PARKWAY NE, SUITE 200 ATLANTA GA 30328 1 See Remarks 0 Common Stock 4378 D Stock Options (Right to Buy) 6.61 2023-05-10 4 A 0 64607 0 A 2030-01-31 Common Stock 64607 162186 D Includes shares acquired under the Employee Stock Purchase Plan of First Advantage Corporation. The reporting person currently owns 64,607 previously unreported stock options, subject to time- and performance-based vesting criteria. Effective as of May 10, 2023, the Company's Board of Directors approved a modification of the vesting terms of unvested and unearned performance-based awards (the "Modification"). The Modification adds incremental vesting criteria to such stock options, which allows the following number of such stock options to vest, based solely on time, as follows, subject to continued service through such date: 12,921 options on January 31, 2024, 25,843 options on January 31, 2025, and 25,843 options on January 31, 2026, while preserving the eligibility to vest earlier upon a future "Realization Event" (as that term is defined in the relevant award agreement). As a result, 100% of such stock options will be vested on January 31, 2026 even if no Realization Event occurs prior to such date. Includes 97,597 previously reported time-based stock options, with the 32,438 remaining unvested time-based stock options scheduled to vest in equal installments on January 31, 2024 and 2025. Title: EVP, General Counsel & Secretary /s/ Bret T. Jardine 2023-05-12