0000899243-16-015648.txt : 20160310 0000899243-16-015648.hdr.sgml : 20160310 20160310060514 ACCESSION NUMBER: 0000899243-16-015648 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160309 FILED AS OF DATE: 20160310 DATE AS OF CHANGE: 20160310 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Performant Financial Corp CENTRAL INDEX KEY: 0001550695 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 200484934 STATE OF INCORPORATION: DE BUSINESS ADDRESS: STREET 1: 333 North Cayons Parkway CITY: Livermore STATE: CA ZIP: 94551 BUSINESS PHONE: 925-960-4800 MAIL ADDRESS: STREET 1: 333 North Cayons Parkway CITY: Livermore STATE: CA ZIP: 94551 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Orvell Hakan CENTRAL INDEX KEY: 0001555692 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35628 FILM NUMBER: 161496049 MAIL ADDRESS: STREET 1: C/O PERFORMANT FINANCIAL CORPORATION STREET 2: 333 NORTH CANYONS PARKWAY CITY: LIVERMORE STATE: CA ZIP: 94551 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-03-09 0 0001550695 Performant Financial Corp PFMT 0001555692 Orvell Hakan 333 NORTH CANYONS PARKWAY LIVERMORE CA 94551 0 1 0 0 Chief Financial Officer Common Stock 2016-03-07 4 M 0 37500 0.00 A 45270 D Common Stock 2016-03-07 4 F 0 17159 1.74 D 28111 D Restricted Stock Units Common Stock 120000 120000 D Restricted Stock Units Common Stock 12875 38625 D Restricted Stock Units 2016-03-07 4 M 0 37500 0.00 A 2025-06-17 Common Stock 37500 75000 D Shares surrendered to pay tax liability due on vesting of Restricted Stock Units. Each restricted stock unit represents a contingent right to receive one share of PFMT's common stock. The units were awarded at no cost to Reporting Person. Restricted Stock Unit Award granted on February 23, 2016 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date, provided that the Reporting Person remains in continuous service through each vest date. Restricted Stock Unit Award granted on August 13, 2014 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date, provided that the Reporting Person remains in continuous service through each vest date. Restricted Stock Unit Award granted on June 17, 2015. Upon the achievement of certain financial metrics the grant vested with respect to 50% of the awarded stock units on March 5, 2016, and 25% of the grant will vest on each of March 5, 2017 and March 5, 2018, provided that the Reporting Person remains in continuous service through each vest date. /s/ Hakan Orvell 2016-03-09