FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/19/2013 |
3. Issuer Name and Ticker or Trading Symbol
MODEL N, INC. [ MODN ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 996,110 | D(1) | |
Common Stock | 666,666 | I | By the Danielle Rinat Family Heritage Trust Dated December 12, 2005(2) |
Common Stock | 666,666 | I | By the Gahl Rinat Family Heritage Trust Dated December 12, 2005(2) |
Common Stock | 36,310 | I | By the Gahl Rinat Trust(2) |
Common Stock | 36,311 | I | By the Danielle Rinat Trust(2) |
Common Stock | 1,666,666 | I | By the Rinat Family 2006 Trust Dated December 13, 2006(2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Preferred Stock | (3) | (3) | Common Stock | 666,666 | (3) | D | |
Restricted Stock Units | (4) | (4) | Common Stock | 133,333 | $0(5) | D |
Explanation of Responses: |
1. Shares held by Zack Rinat and Orli Rinat as community property. |
2. The Reporting Person serves as a co-trustee of the trust. |
3. Each share of Series A Preferred Stock will automatically convert into 0.333333 shares of the Issuer's Common Stock upon the closing of the Issuer's initial public offering of Common Stock for no additional consideration, and has no expiration date. This conversion ratio reflects an adjustment following the 1-for-3 reverse stock split effected by the Issuer on February 26, 2013. |
4. 50% of the restricted stock units ("RSUs") will vest on February 27, 2015, then 25% of the RSUs will vest on each yearly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. |
5. Each RSU represents a contingent right to receive one share of the Issuer's common stock. |
Remarks: |
/s/ Zack Rinat by Errol Hunter, Attorney-in-Fact | 03/19/2013 | |
** 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 5 (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. |