Steven E Cunningham Exercises Options at Enova International Inc (ENVA) — SEC Form 4, May 04, 2023

SEC Form 4 · No Market Transaction
Option Exercise

Derivative exercise — no open market transaction.

Reporting Owner
TXN 2023-05-03 · FILED 2023-05-04
Filing Lag 1 business day within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2023-05-04
Report Date
2023-05-03
Accession No.
0000950170-23-018043
Accepted At
2023-05-04 23:48 UTC
Reporting Owner
Name Relationship
Steven E Cunningham CIK 0001575452
CFO
Steven E Cunningham at Enova International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $5,898,921
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All filings by this insider at Enova International Inc
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Stock Option (right to buy) with limited SARF1F2F3 $44.00 2023-05-03 M - Exercise 2,500 D $14.80 2024-02-17 2,500 Common stock, par value $0.00001 per share Direct
Footnotes (3)
F1
The limited stock appreciation right ("SAR") and employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. The SAR may be exercised only during the period beginning on the first day following the date that a "Change in Control" of Issuer occurs (as defined in the related grant agreement) and ending on the thirtieth day following such date. Upon exercise, the grantee shall be able to receive an amount equal to the product computed by multiplying (i) the excess of the "Offer Value Per Share" over the exercise price of the underlying option by (ii) the number of shares with respect to which the SAR is being exercised; provided, that such amount shall only be payable in the event an "Offer" is made. Show more
F2
The "Offer Value Per Share" means the average selling price of Issuer's common stock during the period of 30 days ending on the date on which the SAR is exercised. "Offer" means any tender offer or exchange offer for outstanding shares of Issuer representing at least 30% of the total voting power of the stock of Issuer, or an offer to purchase assets from Issuer that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of Issuer, other than an offer made by Issuer. Show more
F3
The options vested in substantially equal one-third increments on each of the following dates: February 17, 2018, February 17, 2019 and February 17, 2020. Show more
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