0001102993-24-000052.txt : 20240319
0001102993-24-000052.hdr.sgml : 20240319
20240319213428
ACCESSION NUMBER: 0001102993-24-000052
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240315
FILED AS OF DATE: 20240319
DATE AS OF CHANGE: 20240319
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sabino Anthony John
CENTRAL INDEX KEY: 0002008679
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41926
FILM NUMBER: 24766144
MAIL ADDRESS:
STREET 1: 530 7TH AVE.
STREET 2: FLOOR M1
CITY: NEW YORK
STATE: NY
ZIP: 10018
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LIVEPERSON INC
CENTRAL INDEX KEY: 0001102993
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 133861628
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 475 10TH AVENUE
STREET 2: 5TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
BUSINESS PHONE: 2126094200
MAIL ADDRESS:
STREET 1: 475 10TH AVENUE
STREET 2: 5TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
4
1
wk-form4_1710898450.xml
FORM 4
X0508
4
2024-03-15
0
0001102993
LIVEPERSON INC
LPSN
0002008679
Sabino Anthony John
C/O LIVEPERSON
530 7TH AVE, FLOOR M1
NEW YORK
NY
10018
1
1
0
0
Chief Executive Officer
0
Common Stock
2024-03-15
4
A
0
2580645
0
A
2580645
D
Common Stock
2024-03-15
4
A
0
774194
0
A
3354839
D
Stock Option (Right to Buy)
1.02
2024-03-15
4
A
0
1000000
0
A
2034-03-15
Common Stock
1000000
1000000
D
The Reporting Person was granted 2,580,645 restricted stock units ("RSU"s) under the terms of the LivePerson, Inc. 2018 Inducement Plan (the "Plan"), and each RSU represents a contingent right to receive one share of the Issuer's common stock. Subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date, 25% of the RSU's are scheduled to vest on March 15, 2025, and 6.25% of the RSU's are scheduled to vest in equal quarterly installments thereafter, so that 100% of the RSUS will be fully vested on March 15, 2028.
The Reporting Person was granted 774,194 RSUs under the terms of the Plan, and each RSU represents a contingent right to receive one share of the Issuer's common stock. Subject to the Reporting Person's continued employment with the Issuer through the applicable date, 50% of the RSUs are scheduled to vest on March 15, 2025, and 50% of the RSUs are scheduled to vest on March 15, 2026, so that 100% of the RSUs will be fully vested on March 15, 2026.
The Reporting Person was granted an option to purchase 1,000,000 shares of the Issuer's common stock under the terms of the Plan. Subject to the Reporting Person's continued employment with the Issuer through the applicable date, the option will become exercisable, if at all, when the performance-based and time-based conditions are met. The option will become exercisable in two equal installments if the average closing price of the Issuer's common stock on the NASDAQ exceeds $8 and $13, respectively, for 30 rolling trading days, prior to January 10, 2027, and January 10, 2028, respectively. To the extent the foregoing performance-based conditions are met, 50% of the option will be exercisable on March 15, 2026, and 1/24th of the option will be exercisable in equal monthly installments thereafter.
/s/ Monica L. Greenberg, Attorney-in-Fact for Anthony John Sabino
2024-03-19