FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TiVo Corp [ TIVO ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/07/2016 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 09/07/2016 | A | 30,875 | A | (1) | 30,875 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $23.48(2) | 09/07/2016 | A | 60,000(2) | (5) | 06/01/2019 | Common Stock | 60,000 | $0(2) | 60,000 | D | ||||
Performance Rights | (2)(3) | 09/07/2016 | A | 19,034(2) | (6) | 03/01/2017 | Common Stock | 19,034 | $0(2) | 19,034 | D | ||||
Employee Stock Option (right to buy) | $24.84(2) | 09/07/2016 | A | 23,000(2) | (7) | 03/01/2021 | Common Stock | 23,000 | $0(2) | 23,000 | D | ||||
Performance Rights | (2)(3) | 09/07/2016 | A | 25,000(2) | (8) | 03/01/2017 | Common Stock | 25,000 | $0(2) | 25,000 | D | ||||
Employee Stock Option (right to buy) | $24.88(2) | 09/07/2016 | A | 25,000(2) | (9) | 03/01/2022 | Common Stock | 25,000 | $0(2) | 25,000 | D | ||||
Restricted Stock Units | (2)(4) | 09/07/2016 | A | 15,750(2) | (10) | 03/01/2019 | Common Stock | 15,750 | $0(2) | 15,750 | D | ||||
Performance Rights | (2)(4) | 09/07/2016 | A | 21,000(2) | (11) | 03/01/2018 | Common Stock | 21,000 | $0(2) | 21,000 | D | ||||
Employee Stock Option (right to buy) | $23.44(2) | 09/07/2016 | A | 7,398(2) | (12) | 03/01/2023 | Common Stock | 7,398 | $0(2) | 7,398 | D | ||||
Restricted Stock Units | (2)(4) | 09/07/2016 | A | 6,099(2) | (13) | 03/01/2020 | Common Stock | 6,099 | $0(2) | 6,099 | D | ||||
Performance Rights | (2)(4) | 09/07/2016 | A | 6,099(2) | (14) | 03/01/2019 | Common Stock | 6,099 | $0(2) | 6,099 | D | ||||
Employee Stock Option (right to buy) | $15.54(2) | 09/07/2016 | A | 7,407(2) | (15) | 07/01/2023 | Common Stock | 7,407 | $0(2) | 7,407 | D | ||||
Restricted Stock Units | (2)(4) | 09/07/2016 | A | 6,063(2) | (16) | 07/01/2020 | Common Stock | 6,063 | $0(2) | 6,063 | D | ||||
Restricted Stock Units | (2)(4) | 09/07/2016 | A | 15,159(2) | (17) | 07/01/2020 | Common Stock | 15,159 | $0(2) | 15,159 | D | ||||
Performance Rights | (2)(4) | 09/07/2016 | A | 6,063(2) | (18) | 03/01/2019 | Common Stock | 6,063 | $0(2) | 6,063 | D |
Explanation of Responses: |
1. Acquired pursuant to that certain Agreement and Plan of Merger, dated as of April 28, 2016 (the "Merger Agreement"), by and among the issuer, TiVo Corporation (f/k/a Titan Technologies Corporation), TiVo Inc., Titan Merger Sub, Inc., and Nova Acquisition Sub, Inc., and related statutory merger agreement between Nova Acquisition Sub, Inc. and issuer (the "Rovi Merger Agreement"), in a one-for-one exchange of TiVo Corporation common stock. |
2. All outstanding derivative securities, which include options, restricted stock units and performance rights, were assumed by TiVo Corporation pursuant to the Merger Agreement and the Rovi Merger Agreement and were converted into an equivalent number of shares of options, restricted stock units and performance rights, respectively, of TiVo Corporation common stock, at equivalent exercise prices and under the same terms and conditions as the original award. |
3. Each restricted stock award represents a contingent right to receive one share of TIVO common stock. |
4. Each restricted stock unit represents a contingent right to receive one share of TIVO common stock. |
5. Original grant date June 1, 2012. Fully vested June 1, 2016. |
6. Original grant date March 1, 2013, vests over a period of up to four years based on the achievement of total annual (measured on a calendar year basis) adjusted pro forma operating profit performance metrics. |
7. Original grant date March 1, 2014, vests one-fourth (1/4) on the first anniversary of the date of grant and the remaining three-fourths (3/4) vests in equal monthly increments over the next three years. |
8. Original grant date March 1, 2014, will be measured over a period of three years based on the achievement of total annual adjusted pro forma revenue and adjusted pro forma operating profit performance metrics (each measured on a calendar year basis). At the end of the three-year period, an average vesting factor will be applied to the total grant amount to determine the total amount eligible to vest based on achievement of the performance metrics. A modifier based upon total shareholder return over the three-year period will then be applied to determine the actual amount of shares to be vested. |
9. Original grant date March 1, 2015, vests one-fourth (1/4) on the first anniversary of the date of grant and the remaining three-fourths (3/4) vests in equal monthly increments over the next three years. |
10. Original grant date March 1, 2015, vests over four years with a 25% vesting on each of the annual anniversaries of the grant date. |
11. Original grant date March 1, 2015, based entirely on a three-year performance period and are eligible to vest after three years based upon the achievement of the following two factors, each weighted equally: (i) a three-year relative TSR metric of percentile ranking against a peer group established by our compensation committee, and (ii) three-year revenue compound annual growth rate and margin targets. |
12. Original grant date March 1, 2016, vests one-fourth (1/4) on the first anniversary of the date of grant and the remaining three-fourths (3/4) vests in equal monthly increments over the next three years. |
13. Original grant date March 1, 2016, vests over four years with a 25% vesting on each of the annual anniversaries of the grant date. |
14. Original grant date March 1, 2016, based entirely on a three-year performance period and are eligible to vest after three years based upon the achievement of the following two factors, each weighted equally: (i) a three-year relative TSR metric of percentile ranking against a peer group established by our compensation committee, and (ii) three-year revenue compound annual growth rate and margin targets. |
15. Original grant date July 1, 2016, vests one-fourth (1/4) on the first anniversary of the date of grant and the remaining three-fourths (3/4) vests in equal monthly increments over the next three years. |
16. Original grant date July 1, 2016, vests over four years with a 25% vesting on each of the annual anniversaries of the grant date. |
17. Original grant date July 1, 2016, vests over four years with 50% vesting on the second anniversary of the grant date and 25% vesting on each of the remaining annual grant date anniversaries. |
18. Original grant date July 1, 2016, based entirely on a three-year performance period and are eligible to vest after three years based upon the achievement of the following two factors, each weighted equally: (i) a three-year relative TSR metric of percentile ranking against a peer group established by our compensation committee, and (ii) three-year revenue compound annual growth rate and margin targets. |
Remarks: |
Sandy Kalina Attorney-in-Fact for Dustin Finer | 09/09/2016 | |
** 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 4 (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. |