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PRO Pros Holding Inc

32.89
-0.59 (-1.76%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pros Holding Inc NYSE:PRO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.59 -1.76% 32.89 34.43 32.75 34.43 395,280 22:30:00

Statement of Changes in Beneficial Ownership (4)

08/05/2019 8:22pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Schulz Stefan B
2. Issuer Name and Ticker or Trading Symbol

PROS Holdings, Inc. [ PRO ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP and CFO
(Last)          (First)          (Middle)

3100 MAIN ST., SUITE 900
3. Date of Earliest Transaction (MM/DD/YYYY)

5/6/2019
(Street)

HOUSTON, TX 77002
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Performance Share Units   5/6/2019   (1)   M    30000   A $41   239761   (2) D    
Performance Share Units   5/6/2019   (1)   F    11805   D $41   227956   (2) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Performance Share Units     (3) 5/6/2019     M         30000      (4)   (4) Common Stock   30000.0   $0   0   D    

Explanation of Responses:
(1)  The award criteria for these performance restricted stock units ("PRSUs") was met on May 2, 2019. On May 6, 2019, the Compensation and Leadership Development Committee of the Board of Directors of PROS Holdings, Inc. ("Company") approved the vesting of such shares to be issued.
(2)  Includes 3,500 shares held in a joint account controlled by Stefan and Mary Schulz.
(3)  One share of the Company's common stock was issued for each performance share that vested.
(4)  This is the final tranche of this PRSU award, granted on September 9, 2016 in the total amount of 60,000 PRSUs under the Company's 2007 Equity Incentive Plan. This grant was eligible for vesting based on the average trailing closing price per share of the Company's common stock meeting certain minimum performance hurdles for at least 105 calendar days prior to September 9, 2020, with 25% vesting at $27, 25% vesting at $33, and the remaining 50% vesting at $41.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Schulz Stefan B
3100 MAIN ST.
SUITE 900
HOUSTON, TX 77002


EVP and CFO

Signatures
Damian W. Olthoff, attorney-in-fact for Stefan B. Schulz 5/8/2019
** 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 control number.

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