0000807863-22-000064.txt : 20220323 0000807863-22-000064.hdr.sgml : 20220323 20220323212252 ACCESSION NUMBER: 0000807863-22-000064 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220321 FILED AS OF DATE: 20220323 DATE AS OF CHANGE: 20220323 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CARNECCHIA SCIPIO MAXIMUS CENTRAL INDEX KEY: 0001255170 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35231 FILM NUMBER: 22764504 MAIL ADDRESS: STREET 1: C/O MITEK SYSTEMS, INC. STREET 2: 600 B STREET, SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92101 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MITEK SYSTEMS INC CENTRAL INDEX KEY: 0000807863 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 870418827 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 600 B STREET STREET 2: SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92101 BUSINESS PHONE: 619-269-6800 MAIL ADDRESS: STREET 1: 600 B STREET STREET 2: SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92101 4 1 wf-form4_164808495687958.xml FORM 4 X0306 4 2022-03-21 0 0000807863 MITEK SYSTEMS INC MITK 0001255170 CARNECCHIA SCIPIO MAXIMUS 600 B STREET, SUITE 100 SAN DIEGO CA 92101 1 1 0 0 Chief Executive Officer Common Stock 2022-03-21 4 M 0 27503 0 A 322214 D Common Stock 2022-03-22 4 S 0 9957 14.20 D 313482 D Performance Restricted Stock Units 2022-03-21 4 M 0 27503 0 D Common Stock 27503.0 296180 D Performance restricted stock units convert into common stock on a one-for-one basis. Represents the disposition of shares that were automatically sold by Mitek Systems, Inc. to pay withholding taxes upon the vesting of 27,503 performance restricted stock units. Includes 1,225 shares acquired under the Mitek employee stock purchase plan on February 15, 2022 in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). On March 20, 2020, the reporting person was granted restricted stock units under Mitek's 2020 Incentive Plan (the "Performance RSUs"), which vest based upon the achievement of certain performance criteria over the three year period following the date of grant (each such year, a "Performance Period"), with up to 33% of such units vesting (on each anniversary of the date of grant) with respect to each applicable Performance Period. Performance criteria is measured on both an annual and cumulative basis as described below. The annual performance criteria for each annual Performance Period shall be for the % increase in value of Mitek's common stock to meet or exceed the % increase in value of the Russell 2000 Index over the applicable annual Performance Period, based on a hypothetical investment in both Mitek's common stock and the Russell 2000 Index with a purchase price equal to the average closing price of each for the 20-trading days immediately preceding the start of the applicable Performance Period. At the end of the applicable Performance Period, the value of the hypothetical investments shall be determined by assuming the sale of each based on the average closing price of each from the immediately preceding 20-trading days. The % change shall be determined by comparing the increase in value to the starting investment. The performance criteria for the second Performance Period was met, resulting in the vesting of 33% of the Performance RSUs. /s/ Jason Gray, by Power of Attorney 2022-03-23